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PipsTradingClub

RBNZ meeting trade idea.

Short
Australian Dollar / New Zealand Dollar (FOREXCOM:AUDNZD)  
PipsTradingClub Updated   
FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
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‪So if the RBNZ tonight is a little less dovish than expected. I’d like to sell AUDNZD on the breakout lower just as I have laid out here on my chart.
So I’d sell 1.0735-40 zone
Set a stop of 25-35 pips
TP 1.0650-75 zone
I’d be hoping to get filled off a momentum play down where if everything goes as planed it will keep going lower after the order is filled. We have 15 minutes till the RBBZ meeting. Good luck everyone.
Comment:
snapshot
The stop zone or the red box will only become live if price presses down past that small white zone in between the red box and the green profit box.
Comment:
Took 1.2 off to create a free ride trade / risk free trade now. Allowing the market to decide fir me. The best kind of trade. No more computer screen watching. Off to live life again.
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Comment:
Eating chart on previous post
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Trade closed manually:
We’re done! Took the last bit off a few minutes ago. First bit was +20 pips, and took the last off for +30 or a total of 50 pips banked.
All the best to everybody. Off to the next trade idea.
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