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MatrixBits
Aug 26, 2016 2:45 AM

AUDNZD short from 1.04345 to 1.03500 or lower Short

Australian Dollar/New Zealand DollarFXCM

Description

Short position on AUDNZD from 1.04345 to 1.03500 or lower.

Sell S/L: 1.04450

Trade active

Just caught this trend. Sorry guys even I screw up charting this stuff.

Entry: 1.04345 to 1.03500 or lower.

S/L: 1.04450
Personal S/L: 1.04550

Comment

The last two inverted H&S went from 1.12 to 1.032 and failed. We may see another fail and prices all the way down to $1.00. If prices hit $1.00 it may shoot back to $1.14 levels! Will continue to monitor this great trade, and keep everyone updated. WATCH FOR SPIKES with a Good S/L.

Comment

Open a 1k short and monitor trade from the highest level, and short from there.

Comment

Open a small long (5k-10k) just to avoid risk at 1.04067 Once confirmed you should be ok. You should get some long profit to 1.04500+ and then short again.
Comments
MatrixBits
I completely agree with you! Seems we are the outsiders on this message board.
Joe-333
The retesting is coming back into the downward trend any entry position could be below 1.04200 and target at 1.03200
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