AUDNZD sell@1.03826
SL@1.03962
TP@1.0321
Looking forward to some bearish movement on Aussie-Kiwi for the rest of the month.
Q3-2019 has established a pretty significant downtrend on this pair, which does not show signs of weakening.
Taking advantage of the ~1% bullish impulse of the last weeks, we have some space to look forward to cover by selling, until retest of the lows, hoping that the overall bearish trend resumes.
If the trade is activated, it should start to be managed from the 0.618 blue level, maybe protecting the trade from losses.
0.786 purple line could be a nice place to look for partial or total close.
SL@1.03962
TP@1.0321
Looking forward to some bearish movement on Aussie-Kiwi for the rest of the month.
Q3-2019 has established a pretty significant downtrend on this pair, which does not show signs of weakening.
Taking advantage of the ~1% bullish impulse of the last weeks, we have some space to look forward to cover by selling, until retest of the lows, hoping that the overall bearish trend resumes.
If the trade is activated, it should start to be managed from the 0.618 blue level, maybe protecting the trade from losses.
0.786 purple line could be a nice place to look for partial or total close.
Trade closed manually:
Closed @1.03876
-0.36R
Australian employment data spiked the price up. So a little loss.
Still bearish imo. If a nice setup presents a new orden could be structured.
-0.36R
Australian employment data spiked the price up. So a little loss.
Still bearish imo. If a nice setup presents a new orden could be structured.
Just above new structure, if price goes higher than that at this point, it would just be a gamble.