2018Apr12 AUDNZD H4 Bullish AB=CD

There is a bullish AB=CD which formed for AUDNZD. Price entry at 1.05382 is guided by a candle breaking and closing above the resistance of the diagonal downtrending channel. Stop loss is just below point D and profit taking targets are at the 38.2, 50.0, and 61.8 Fibonacci retracement of leg AD.

Trade Setup: Bullish AB=CD
Price Entry 1.05382
SL 1.04830 | SL pips 55.2
TP1 1.06079 | TP1 pips 69.7
TP2 1.06450 | TP2 pips 106.8
TP3 1.06821 | TP3 pips 143.9
RRR1 1.26 | RRR2 1.93 | RRR3 2.61
Status/Remarks: TP1, TP2, & TP3 hit! :)