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TB305

SHORT ON AUD/NZD

Short
Australian Dollar / New Zealand Dollar (FOREXCOM:AUDNZD)  
TB305  
FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
Flag Parallel Channel Support and Resistance AUDNZD audnzdshort selling SELL short Bearish Flag
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flagpattern parallelchannel supportandresistance audnzd audnzdshort selling sell short bearishflag
Very nicely structured price action on this pair.

Price has broken a major support/demand zone and has formed a bearish flag pattern.

Candles have broken below the support line of the pattern and should continue falling.

Here is the play I will be taking on this trade.

P = 1.09520
SL = 1.09743 - 25 PIPS
TP = 1.08482 - 100 PIPS
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