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Cenotaph
Feb 22, 2017 6:15 AM

AUDNZD Short setup Short

Australian Dollar/New Zealand DollarFXCM

Description

AUDNZD is approaching R3 major resistance level and is overextended past monthly R3. Looking for correction short setup here. R1 looks to provide quite some support, wait for that bounce to happen and then take the short towards R2 monthly support.

I'll update this once the chart is clear when and where to enter.

Comment

Possible entry for the short, watch the blue line (support zone) when price is close

Trade active

its off

Comment

Adding on, momentum is good

Trade closed manually

Took profit yesterday just above S2
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