FX:AUDNZD   Australian Dollar/New Zealand Dollar
374 10 4
According to previous W1 analisis:
AUDNZD-can we catch this crab?

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.
HexVex
2 years ago
A whole lot will depend on RBNZ policy statement. Cut in rates would be nice :)
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FullTimeTrader HexVex
2 years ago
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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HexVex
2 years ago
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 :)
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HexVex
2 years ago
Been trying to find a good spot to long this for months :) There might be an opportunity brewing now.
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GeorgeMichael
2 years ago
what did happen now?
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FullTimeTrader GeorgeMichael
2 years ago
there were rate news for NZD today, i forgot the calendar, anyway im still long on W1 chart.........
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GeorgeMichael FullTimeTrader
2 years ago
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?
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FullTimeTrader GeorgeMichael
2 years ago
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.
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schuss FullTimeTrader
2 years ago
Wait for one more .25 cut by the RBA and dairy prices to fall a little more
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GeorgeMichael FullTimeTrader
2 years ago
Thank you for your reply i really like your trading ideas .Keep it strong !
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