Short

AUD.NZD - Sell Stop Order

Updated

My basic Daily chart analysis on the AUD.NZD

I will be breaking this pair down on multiple other timeframes to give a better insight into what i am watching.

Have a good day!

Note

4h Chart setup.

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1hr EMA holding as support on multiple occasions, i am expecting a break and retest.

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The analysis behind the breakout.

Trade active

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Trailing stop loss now in place.

Note

Many have asked me if the position was taken or altered in any way due to news.
I run strictly on technicals so for me the news wasn't a consideration or a hindrance.

When backtesting my strategy i ran one with fundamentals and one without, taking news into consideration not only added subjectivity within my rules, minimised the amount of positions i took and the profit accumulated over a 5 year period.

Trade closed: target reached

Note

How i see AUD.NZD into next week.

UnknownUnicorn180388

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