Short

GOOD OPPORTUNITY TO SELL AUDNZD

Updated

AUDNZD is at weekly resistance. Sell below 1.1137 stop 1.1195. Target 1 1.0975, target 2 1.0850, target 3 1.0680.
1 hour chart consolidation, support at 1.1140, sell break below that. NZD is oversold after some bearish comments from RBA. Good risk reward on this trade.

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Trade active

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Correction. NZD is oversold after some bearish comments from RBNZ

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So far up 117 pips. Price moving nicely towards first target. If this is hit take some profit (1/3) and move stop to entry. Risk to trade is AUD employment news this week. If T1 is not hit prior to the news reduce risk by taking some profit (1/3) and moving stop to entry.

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I have taken some profit and moved stop to 1.1080

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1st target hit, move stop to 1.1020

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Close 2nd portion of trade and move stop to 1.0980 after bounce off support

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Trade complete, profir made

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Should have read profit made

L_C_Trading

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