MatrixBits

AUDNZD short from 1.04345 to 1.03500 or lower

Short
MatrixBits Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
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.

I am only a speculative trader and this is not financial advise on trades.

- If you are losing money close the trade

- Start with .03-.05 units and learn to manage risk

- Don't take profits too early cheers!


MatrixBits
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