AUDNZD: Simple High Probability Sell Setup

FX:AUDNZD   Australian Dollar / New Zealand Dollar
712 3 35
AUDNZD             is in a downtrend with price breaking out of a corrective structure after bouncing the long term downtrend. A very simple sell setup in the direction of the trend.

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Comment: Price came close reaching the first target but it reversed and it's now testing the long term downtrend. Move your stoploss at breakeven to be safe, as if it breaks above the uptrend, structure changes and we look for buys

Comment: Trade closed at breakeven. Price has broken above long term downtrend. I posted a new idea on this
trend line holding trying to go to the next pivot
That's true.. We are at breakeven, safe and price is heading down :) Thanks for sharing
+1 Reply
TAJIR_B Fxprotrader
yahhhh i just entered on 'ks cross signal (ichimouko), it's good to see two systems gives the same , we will see :)
+1 Reply
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