FX:AUDNZD   Australian Dollar / New Zealand Dollar
220 9 12
PRICE BROKE BELOW THAT W1 PIN BAR AND HAS RETRACED TO NICE 88.6%.

WHAT WILL HAPPEN?
W1 HAS FAILED TO CLOSE ABOVE KEY RESISTANCE.
FORMING PIN BARS ON W1 AND RETRACING BACK TO IT FAILING TO CLOSE ABOVE IT ONCE AGAIN.

D1 HAS LOWER HIGHS AND LOWER LOWS.
AUDNZD TUMBLED SINCE OPENING. WILL BE LOOKING FOR PULLBACK TO ENTER SHORT. PREFERABLY AROUND 1.1300.
NOTE : I TRY NOT TO ENTER TRADES ON MONDAY/FRIDAY UNLESS FAVORABLE CONFLUENCE.
+2 Reply
I've never traded this pair but it's interesting for me now. thanks!
+1 Reply
Hi el_trader, Yea its a boring pair to trade as AU and NZ are expected to be correlated most of the time. Hence range movement. Boring.. Same as EURGBP.
+1 Reply
el_trader PriceActionTrading
Yea, its the reason because I not follow this pair.
Reply
Hey Price action, great eye mate. Solid trade setup. All the best :)
+1 Reply
Nice eyes mate. I jumped in after bearish setup here on 4H, below the resistance but jumped out when it met heavy zone here with the idea it may re-test the line again
Thanks for sharing.

+1 Reply
Thanks andyle. Nice nice. Appreciate your view
+1 Reply
Nice!! Its screaming sell, im 80% sure, thanks for the idea, i will post my analysis using my trading system
+1 Reply
PriceActionTrading FullTimeTrader
Thanks for your comment. Appreciate it.
Reply
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