PriceActionTrading
Short

AUDNZD SHORT TRADE AFTER REJECTION FROM 1.02 TWICE

FX:AUDNZD   Australian Dollar/New Zealand Dollar
170 1 4
SIMPLE TRADE.
SELL @ 1.018.
EXIT TRADE IF H4 CLOSES ABOVE 1.0200 AS TRADE IS ALREADY INVALIDATED IF H4 MANAGES TO CLOSE ABOVE 1.02 RESISTANCE.
TARGET BTM OF FIB LEVEL AND BEYOND(DEPENDS ON CIRCUMSTANCES)

CONFLUENCE
61.8% FIB LEVEL
D1 20SMA
1.0200 RESISTANCE
ALL THESE AT PREVIOUS SUPPORT TURNED RESISTANCE
AUDUSD HAS BEEN ON THE UPMOVE FOR MORE THAN 200 PIPS, ITS TIME TO TAKE A REST DONT YOU THINK?

ON ANOTHER NOTE. TRADE MAY NOT TRIGGER ENTRY AS I MAY BE TOO LATE. IF PRICE BREAKS BELOW 1.0130 OR A BIG BEARISH H4 BAR APPEARS I MAY CANCEL TRADE.

SUBSCRIBE COMMENT AND LIKE MY IDEAS IF YOU AGREE OR DISAGREE.
This could turn out to be a ascending triangle breakout trade too. So it could go either way. Keep a lookout.
Wait for confirmation before going either direction but i am siding the short side as AUD has been rising quite rampantly recently (no idea why fundamentally). A retracement in AUD could be the break we need.

I personally do not trade crosses but this pair intrigues me.

Keep a lookout.
snapshot

Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out