justatrader
Short

AUDNZD, Bearish flag break out

FX:AUDNZD   Australian Dollar/New Zealand Dollar
159 3 5
Sell on a retest of 1.11411 targeting 1.097 with stops at 1.11759 and a second order from 1.1095 with stops at 1.11513
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
ThirtysixD
2 years ago
Interesting
I was watching 1.10 as a potential buy zone

Not confident enough to short though


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I've been short already since Friday, so i'm taking the risk. As with all flag patterns, the low (or the high) of the flag post must be broken in order for the flag to be validated/confirmed. Right now there's been a bounce off this level in the first attempt. Let's see how this goes on to play.
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Trade 1 at BE. Looking to move stops to 1.1095 for both trades making one risk free while the other locked with some profits.
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