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HexVex
Apr 23, 2015 10:06 AM

RBNZ rate cut possibility a headline spike? Short

Australian Dollar/New Zealand DollarFXCM

Description

Until the 200 SMA & trendline are broken this is still a short with the RBA also capable of talking down the Aussie with rate cut possibilities.

Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them.

Good Luck!
Comments
HexVex
Looking for a pullback before going long. Didn't work out unfortunately.
HexVex
I miss placed the stop sorry! Should have been as shown on the chart.
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