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amanpaulbhogal

Short trade set up on AUD/NZD

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
amanpaulbhogal  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
hightest_bar Support and Resistance stochastic-overbought goldencross
2
0
hightest_bar supportandresistance stochastic-overbought goldencross
Reasons for taking a short position:

  • high test bar rejecting a previous level
  • Stochastic in overbought territory
  • Price action below Golden cross

entry - below low of high test bar
stop loss - above high of high test bar
target - at previous low or lower
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