FX:AUDNZD   Australian Dollar / New Zealand Dollar
As the fundamental situation is changing I am looking to join the new up trend building.
RBNZ last year was rising rate and now they are thinking to cut, on the other hand RBA after the last cut is becoming more neutral.
Technically this cross has made a new higher high coming from an all time low, at the moment it looks too stretched and in need of a technical retracement.
At the end of the retracement I'll be a buyer.
I'll try to buy as low as possible to be able to place my stop loss below the all time low and keep my R:R higher than 1:1
profit taken
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I'm in with half of my standard position, if the area will be tested again I'll add on it
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DoNotFolloWmE DoNotFolloWmE
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DoNotFolloWmE DoNotFolloWmE
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My STOP has now been moved to BE
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DoNotFolloWmE DoNotFolloWmE
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