anilmangal
Long

UPDATE on AUDNZD beware of early buys !!

FX:AUDNZD   Australian Dollar/New Zealand Dollar
1351 6 105
Understanding structure is important if you are a technical trader. Structure and not ,lines or wicks .
As I have shown in my webinar on Aussie pairs i am expecting this pair to go up but i will not buy until i get confirmation it will do so.

Trader with care . Like and comment .
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Training : add to skype mangal457
Indeed, I want to short the next leg down if impulsive or sharp.
+3 Reply
anilmangal TOP IvanLabrie
yes, an impulse down and correction on lower degree will be a good sell
+5 Reply
True... should wait for the break out for a buy...
+1 Reply
Very good, have same layout myself... It could be ABCDE or just ABC.. Will see
+1 Reply
Monitoring an entry buy order at 1.1180.
+1 Reply
Thanks Anil, tech wise this looks perfect opportunity to short but for me this is one trade that is purely fundamental. The price will break through the downward channel within the next 24 hours with first target being 1.1400 and second at 1.1500 but I could be wrong hence have kept a very tight stop.

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