OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
AN produced a sell setup in the form of a flat and a small 1 hr correction. It is in a downtrend so it is possible it can extend down a lot. I would allow it to create a larger 1hr flag in this down move if it chose to do so. Any more than that, I close. And hopefully I get the opportunity to slide to profit and let some run. It is AN so if I get more than a scalp I would be extremely happy. If you want nothing to do with this pair I completely understand. But as far as my strategy is concerned that is a sell setup so what the heck I'll give it a shot. My stop is 1.07808, but only to give it room to make an expanding flat on the 1hr
Comment: I'm still in it with my stop where I said see what happens, but not the best pair or pattern
I was hoping for AUD to retrace and go down some more given the AU and AN setups, but didn't get too much of a move. This pair sucks anyway, I should have taken my pips last night before I went to sleep but whatever, onto the next.
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