Get started
L_C_Trading

GOOD OPPORTUNITY TO SELL AUDNZD

Short
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
L_C_Trading Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
AUDNZD is at weekly resistance. Sell below 1.1137 stop 1.1195. Target 1 1.0975, target 2 1.0850, target 3 1.0680.
1 hour chart consolidation, support at 1.1140, sell break below that. NZD is oversold after some bearish comments from RBA. Good risk reward on this trade.
Comment:
Trade active
Comment:
Correction. NZD is oversold after some bearish comments from RBNZ
Comment:
So far up 117 pips. Price moving nicely towards first target. If this is hit take some profit (1/3) and move stop to entry. Risk to trade is AUD employment news this week. If T1 is not hit prior to the news reduce risk by taking some profit (1/3) and moving stop to entry.
Comment:
I have taken some profit and moved stop to 1.1080
Comment:
1st target hit, move stop to 1.1020
Comment:
Close 2nd portion of trade and move stop to 1.0980 after bounce off support
Comment:
Trade complete, profir made
Comment:
Should have read profit made
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.