Aud/nzd Long

Hi All,

Price rejection and more downtrend momentum , 0.039023 is holding . So i have open a buy position with the previous high as my first target .

Already +5pips

As you can see bullish trend is building .

Please note , if price is rejected at 1.04200 , Then we are back down to 1.037000 .

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Trade is moving as plan , We need to cross . 0.42000 handle . :) Tp1 0.04800 , TP2 0.05380 and TP3 0.0650 .

:)

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Ladies and Gent our next area of interest is 0.04386, We need to cross that to our first our TP :)

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The pair needs to break 1.0425 for further upside .

If 1.04000 breaks then expect a fall to .039 -.038 - .037-.036.

I'm still long . See you tomorrow morning .

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The Fundamentals rumors and news surrounding the Aud , is not letting technical play is part on this pair .

There's two Scenario here , one which i executed this morning , .

I sold from 0.0425 supports now turned resistance and my sl is in profit , looking at the chart price is moving downward to 0.037 at least , which was my original buy limit . I don't hedge trades , but on this occasion it was reasonable as price was rejected twice from 0.0425 , Apologies i didn't share that move .

Secondly , My bias is still long , targeting 1.049000 TP1 and 0.15350 TP2 . Do i have a open live long position yes i do , actually two from 0.039000, . My SL now been moved to 0.034000.

Risk to reward is now too high :(

I will be posting a new idea soon .

CREAMY GEM !

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Hi All . I have now closed my sell Hedge trade .

We are now currently trading in a range . 1.04230 - 1.03880 .

Now if you toke my call from yesterday to buy from 0.03900, When price test 1.04230 region you can set your SL into 1.04000 to cover for swap .

CREAMY GEM!

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Ladies & Gent ,

as you can see there's now a bullish engulfing candle . , Now we wait and see if 1.04230 breaks and next 0.04386 .

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So guys we are 30pips in Profit currently . So 1.04230 is still a hurdle we need to cross . Please make your decision from this region . As suggested above SL to 1.04000 At least your SL in profit .

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What a beautiful break guys :)

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SL in Profit Guys .

Good Night .

CG!

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Sl set to TP1 . Now let it ride.

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Would be see a new high today ?


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Guys we have the China PMI at 1:00am , Below target the price will drop fast , above price will lit up . I advice set a tight SL .

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Trade closed: stop reached:

SL hit in profit at 0.4495. :) Hope you manage to get some pips too.

Watch out for my next analysis on this pair.

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