FX:AUDNZD Australian Dollar/New Zealand Dollar
In my humble opinion there is not much I dislike about this trade. There is a strong move in, a strong move out which signifies a serious imbalance in price. As with my other trade ideas, the black lines are my entry zone, the red line is the stop, and the green line is the profit target. Keep an eye on the arrival. I don't like seeing too much basing as price trades to my entry. I'm confident with the amount of imbalance, price shouldn't have a problem trading out of the area even against small pockets of resistance.