FX:AUDNZD   Australian Dollar/New Zealand Dollar
314 10 5
I will go long here.I have a principle. Never trade against the trend.the big trend is down but i want to trade this. If you see the monthly chart you will see that we are at a very strong support level .so maybe we will have a big reversal. the price did a nice bounce on the trendline , broke the downtrend trendline (4hr chart) and i think that there is a lot of space for the bulls.i have for target 1.1500 -1.1650 area.let's see.
snapshot
daily chart view
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snapshot
weekly chart view
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Thanks for pointing this, i will long as well if price break the double bottom neckline near 1.0860
+2 Reply
nikosda Technician
this is safer.
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UtterOnce Technician
what will be your target?
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nikosda UtterOnce
my target is the trendline of the weekly chart.
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UtterOnce Technician
nice one nikosda. what about Technician?
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hit the stop loss!
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UtterOnce nikosda
yeh real quick
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nikosda UtterOnce
it was the perfect time to go short and i was long. doesn't matter i have a very good trade euraud long!
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