Short on AUDNZD at resistance for 160 pips
Price action is coming up into resistance at 1.11560, I'm looking to trade the reversal, and TP around 1.09705.
Trade active
AN short enteredTrade closed: stop reached
AN broke structure to the upside, tapping the resistance at 1.12I am still decidedly bearish on this pair.
Note
As always, trade according to your allowed risk levels. Crosspairs can have massive moves, and you need to make sure that if you're wrong, you have decided where you are getting out, so that you don't get caught with a massive loss. Keeping your stops within your risk allowance is the only way to keep from this.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.