Fxprotrader
Short

AUDNZD Watch For A Sell Setup In This Key Zone

FX:AUDNZD   Australian Dollar/New Zealand Dollar
1074 4 48
Price is moving into a falling wedge pattern where after a sharp move to the down, price is now into a correction heading up probably to test the upper bond of the wedge pattern. At this level we should watch for a sell setup to complete in order to go short.

As for profit target we should aim for the lower bond of the wedge . Make sure you place your stoploss according to the rules of your strategy.

Comment: Attend our first webinar session where we will analyze potential setups for the upcoming week, and update the ones that already run in our project. Register using the link below:
https://attendee.gotowebinar.com/register/3439576212319911426
Comment: This setup is no more valid. Click below to watch my new analysis on AUDNZD

Project 1001 Pips - AUDNZD Watch For Breakout At Both Direction
Thanks Fxpro, are we sharing progress, ie notify users when the sell set up is complete?
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What is the progress of this trade? Anybody in yet?
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Price didn't enter our initilal sell zone.. Now due to brexit price had made some big swings up and down.. I will update soon as this setup is still valid as price moves into a corrective structure.
+1 Reply
aziz.au Fxprotrader
Thanks, appreciate.
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