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MattArmstrong

AUDNZD - Short Idea

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
MattArmstrong Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Technical Indicators Fundamental Analysis
6
0
trendanalysis indicator fundamental
I'm thinking a little more downside to this pair, we have had a push down due to news events, the AUD is suffering. I'm seeing a Bearish Pennant pattern on the hourly chart. Price has pulled-back to the 200 EMA and the 50% Fib of that move. It's a quick grab, I'll go the Break even fairly quickly. What a day in the markets! 1% Risk 2:1 RR -Happy Trading!
Trade closed: target reached
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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