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BitterSweetMarkets

AUD/NZD Inverted Cup 'n' Handle

Short
Australian Dollar / New Zealand Dollar (FX_IDC:AUDNZD)  
BitterSweetMarkets Updated   
FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
4
0
In my opinion wait for the price to convincingly break through the support cluster and hold before going short. First target Jan 2017 lows.
Comment:
There's a squeeze in play on the daily, a little bit more confirmation and i will be pulling the trigger..the bias is to the downside at this stage...
Comment:
A close on the hourly below 10400 should do it...
Comment:
Im short 13980 sept futures.
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