AUDNZD : Brilliant Buy Setup.

FX:AUDNZD   Australian Dollar / New Zealand Dollar
This another bull setup after previous AN trade of 1:6 RR
If this played with right Money management can bring in lot of pips

I will keep posting updates on Lower TF.

Happy Trading
Comment: On Lower TF, Watch this Breakout
Comment: looks like it will bottom first
Comment: I think this is ripe for entry
Comment: doing exactly what it was expected
Comment: Almost TP1
Comment: Few pips to go TP1
Trade closed: target reached: Target 1 Achieved
Comment: WOW ! This trade is really outperforming
Comment: This trade still remains long.
Comment: on 4hr
Nice mutiple target set-up to watch out for. At the moment we are still bearish but if we get a close above that downtrend line this certainly can become a live trading opportunity.
@PHL, Absolutely, I am excited for this trade setup.
Monk robus
@robus, If you check out other NZD crosses, eg. GBPNZD, EURNZD, they all point to the NZD being crushed. I've been long GBPAUD also and remain so. Do you know of a tradeable NZD ETF that can be shorted?
Monk robus
This is the right shoulder, worth the risk. Well done!

+2 Reply
robus ElPatron.Y
@Yahia.Awes, Absolutely. such trades are not very often.
PHL robus
@robus, Seems like it's more in fashion to sell the downtrendline at the moment.
If u look at a chart from the 1950s until now, in my opinion, this is a HUGE buying opportunity, agree. I'm expecting one more drop to take out the last spike low back in Nov as per the pic in the comment above. I believe these are longs that can be held for a long time! Thanks for posting.
+1 Reply
robus Monk
@Monk, The only thing to watch out for is the high swap rates for this pair(at least on CFD) , so more times it takes to reach target, less profitable it gets.
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