AUDNZD - longer term short
Updated
Both AUD and NZD are tanking right now, question is, if AUD will tank harder than his companion. MACD divergence is pointing to this, but I'll give it some time to close today and see if/how far it will pullback.
Red area would be good for shorts - start adding small chunks in the lower part and bigger in the upper part of it. From target perspective, TP1 should be easy achievable, close some part of trade, move SL to BE, adding to shorts on pullbacks.
4h chart will give us more information tomorrow or on Monday. There are also no breaking news on sight, so trading waters should be calm.
Weekly line chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Red area would be good for shorts - start adding small chunks in the lower part and bigger in the upper part of it. From target perspective, TP1 should be easy achievable, close some part of trade, move SL to BE, adding to shorts on pullbacks.
4h chart will give us more information tomorrow or on Monday. There are also no breaking news on sight, so trading waters should be calm.
Weekly line chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Small short.Note
Added more on 15min breakdown.Note
Closed part with 75 pips, lowered SL.Trade closed: stop reached
SL hit in min profit for the rest.
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