Get started
FishMonkey

Short on AUDNZD at resistance for 160 pips

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
FishMonkey Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
3
0
Price action is coming up into resistance at 1.11560, I'm looking to trade the reversal, and TP around 1.09705.
Trade active:
AN short entered
Trade closed: stop reached:
AN broke structure to the upside, tapping the resistance at 1.12

I am still decidedly bearish on this pair.
Comment:
As always, trade according to your allowed risk levels. Crosspairs can have massive moves, and you need to make sure that if you're wrong, you have decided where you are getting out, so that you don't get caught with a massive loss. Keeping your stops within your risk allowance is the only way to keep from this.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.