SBCM
Long

Time to Buy AUDNZD Again

FX:AUDNZD   Australian Dollar/New Zealand Dollar
228 14 0
Even bigger buy opportunity incoming than we had on Monday.

Eventually I'm looking for a breakout of 1.1060 to head up to 1.1210.

Once we get there I will re analyze.

It could dip as far as 1.09 today but I think there will be HUGE demand in the lows 1.09s.

Currently RBNZ press conference. I'm not listening but I'm willing to bet they are discussing forward guidance towards rate cuts.
Metal_Mind
3 years ago
hy
You didnt say how bug like how mny pips??
Reply
SBCM
3 years ago
Eventually I'm looking for a breakout of 1.1060 to head up to 1.1210.

Once we get there I will re analyze.

It could dip as far as 1.09 today but I think there will be HUGE demand in the lows 1.09s.
Reply
motleifaul
3 years ago
It's a downtrend.
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SBCM motleifaul
3 years ago
thanks captain obvious. it will end soon. those who make the most money get the best entry price.
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SBCM SBCM
3 years ago
and exit price of course
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motleifaul SBCM
3 years ago
Yes, this is obvious. Wer zuerst aus dem Graben springt, der wird erschossen.
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ForceFollower motleifaul
3 years ago
LOL. I like that! :-D
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Ryan Tyler
3 years ago
Very dangerous for counter trades.
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SBCM Ryan Tyler
3 years ago
Nope. I usually get these for at least 1 to 5 trades. Usually 1 to 10.

Just need more practice with reading bottoms. I entered at 1.0903
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Ryan Tyler SBCM
3 years ago
Yeah Agree. Sometimes these trades work. What I am saying is we can't go for higher pips target
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SBCM Ryan Tyler
3 years ago
Basically if you are selling down here you are probably going to get burned.
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SBCM SBCM
3 years ago
Well, 150 pips from 15 pips of risk is enough for me. There will be no 500+ pip rallies until 2014... probably February or March then a massive rally.
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SBCM
3 years ago
No big deal losing 15 pips. The more it falls, the more it will rise.

I'll give it another go here soon.

Just a guess but, the 2014 bottom price will be 261.8% fib extension at 1.0618
Reply
AncientM SBCM
3 years ago
Looks like 1.085 is the end of down rally...I am looking for buying opportunity, what you guys think?
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