FX:AUDNZD   Australian Dollar / New Zealand Dollar
374 10 4
According to previous W1 analisis:

Price is rejecting from all-time lows. The price didnt make a retracement to enter on D1 and have a good R/R ratio.

Here on H4 chart we have a simple price action setup. Price broke an important level and is bouncing from it to the upside.

Best regards.
what did happen now?
FullTimeTrader GeorgeMichael
there were rate news for NZD today, i forgot the calendar, anyway im still long on W1 chart.........
GeorgeMichael FullTimeTrader
Thanks for the reply,
I just saw the news,
if i may ask do you setup your trends via the expected news or do you prefer to do setups on currency that will not be on the news?
FullTimeTrader GeorgeMichael
Almost everyday there are news, we must consider both technical and fundamental analisis together. In this case the rates news were very STRONG so we should not open any trades and move opened trades to breakeven or take profits.
schuss FullTimeTrader
Wait for one more .25 cut by the RBA and dairy prices to fall a little more
GeorgeMichael FullTimeTrader
Thank you for your reply i really like your trading ideas .Keep it strong !
Been trying to find a good spot to long this for months :) There might be an opportunity brewing now.
Vicious :/ Bought just below the middle of the spike down to the 50SMA sold at the top of the range. Don't want to do that again in a hurry :)
A whole lot will depend on RBNZ policy statement. Cut in rates would be nice :)
You are right, i entered this trade long term on W1 chart. This will prevent us againt any sudden moves. This setup is for short term purposes....
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