Update: very strong employment numbers, I closed this trade at 1.0170
Shorting on support break within the context of the overall bearish trend
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Trading Criteria: 1.Trades are taken in two units 2.First unit would be closed at first target 3.Stop loss is then moved to break-even 4.Second unit would be closed at second target Notes: 5) If 90 percent of first target is reached without triggering entry I cancel the trade 6) If 90 percent of first target is reached I move stop loss to breakeven. 7) Remember: Losing is a main part of the game
Comments
rv
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simplicity, n1 Tech
EKolev1
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In fact from fundamentals point of view, NZ is talking about raising rates, while Aus is talking about at least one more cut soon. It's only a matter of time until exchange rate is below parity.
Technician
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Agree mate, unless the fundamentals change the pair remains a sell
AndrewFx2020
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I took this trade way back on 07/04/15 and am of the view that we will reach parody soon. If the RBA cut rates again, then the NZD will appreciate significantly against the AUD (That is if rate are not cut in NZ).
adriel.arrasmith
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same analysis. I do also think a small correction is close to happening, but that's just a theory.
Fill15
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Nice trade, but would it be safer to wait for 2618 method? = wait for [rive retrace to 61.8 of previous move and enter there. This looks like perfect example for this kind of trade? Just asking.....
MuhammadZamanfx
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sIR WEEKLY CANDLE PATTERN IS PERCING SO WE SHOULD BUY OR SELL ?????
Engineer
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you do both lol "-____-"
MisterTrader
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very nice one !!!
resurrector007
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the long term picture shows a reversal is due. Any short taken should have tight exit strategy.