AUDNZD could be gunning for big stops below
Updated
As mentioned in the NZDUSD trading idea, i am playing this position with a tight stop and a position split on NZDUSD Buy and AUDNZD Short.
Its the same rationale behind both trades, but i am seeing a bit more potential for a bigger profit on AUDNZD.
The risk reward is also to my favour so i am seeing a potential good trade with small risk on this one.
The chart pattern on the kiwi is better, but as mentioned above here i am seeing a bigger potential profit.
i am sorry for posting this a little late, but the nzdusd idea is still on my entry price, this one moved a little lower since my entry.
Its the same rationale behind both trades, but i am seeing a bit more potential for a bigger profit on AUDNZD.
The risk reward is also to my favour so i am seeing a potential good trade with small risk on this one.
The chart pattern on the kiwi is better, but as mentioned above here i am seeing a bigger potential profit.
i am sorry for posting this a little late, but the nzdusd idea is still on my entry price, this one moved a little lower since my entry.
Note
It did not move the way how i expected it, i am closing this one +5 pips.Trade closed: target reached
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