AUDNZD - Short Trade Set-up Short

Australian Dollar/New Zealand DollarFXCM

Description

⋅ Aug 11, 2015 4:33 PM

AUDNZD

From D1, looks to be in a flag/consolidation pattern. I don't see signs that the flag/consolidation pattern is ending so I am playing the range trade.

Small limited SELL order at 1.1174 with SL at 1.13120 & TP 1.09550.

If order is executed, i will potentially add to order only after further confirmation and with a much tighter SL.

Comments appreciated.

Comments

JLJ002500

⋅ Aug 18, 2015 2:50 PM

This trade started off good, but ended badly. I did ended up adding another small position . Both were losing trades that ended up getting stopped out ~1.221 and 1.226.