FX:AUDNZD   Australian Dollar/New Zealand Dollar
Fundamentally these currencies are both weak and trading weak against weak currencies is not something that I normally recommend. However the technical's do look tempting with the rising trend line and the pin bar rejection of the rising trend line . Also we have had quite some downside in the price lately and a profit taking technical pull back could be on the cards. A 50% fib pull back of the recent down trend gives a massive 7:1 risk reward ratio which is to big to ignore. The question you have to ask is how much will it cost to find out if you (me) is right or wrong..Good Luck. want to lear to trade for FREE and get access to Free live webinars http://bankonadam.com
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