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VanSteenMarketResearch

23-4-17 AUDNZD SHORT decreased risk trade

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
VanSteenMarketResearch Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD shortselling keylevels rejection weeklysu candlestickrejection breakout trendre countertrend retracement
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audnzd shortselling keylevels rejection weeklysu candlestickrejection breakout trendre countertrend retracement
Key levels marked down on the chart, retracement towards major trendline, rejects at important key level longer term (redline), breaks lows of the retracement, take it short to level indicated on the chart. WATCH what price does around 1.0704, this is an important level. Decrease risk because of this level.
Comment:
Wait for price to stabilize after the strong movements on every currency pair. Maybe it retests the red keylevel again.

I'll keep it updated
Comment:
Looks like bearish movement is starting
Comment:
Price failing to respect the trendline. I will still keep an eye on this one, a sell off can still happen

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VanSteenMarketResearch
23-4-17 NZDCAD potential setup, key level + trendline rejection
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