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Audnzdanalysis

Jamie Gun2Head Idea - Selling AUDNZDTrade Idea: Further AUDNZD selling Reasoning: Fading short term resistance Entry Level: 1.0964 Take Profit Level: 1.0944 Stop Loss: 1.0970 Risk/Reward: 3.33:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
AUDNZD ShortAUDNZD is currently ranging in the monthly chart, the trend is down so with this we are trading with the trend, we see that price is nearing monthly market structure and is due a retracement down, we are looking for price to attempt a BOS to then trade a sell in this market. NZD had good fundamental news the other day so we would expect this strength to continue, meanwhile AUD on the weekly momentum meter need to retrace, we've hit a many year high on the weekly momentum meter. We'll be looking for a daily or weekly candlestick to end bearish before looking to take this trade. R:R = 1:14 GL.
Short
by Life_In_Forex