Short Position taken AUD/NZD
FX markets have been extremely volatile and so I haven't been trading as much as usual. In times like this its key to wait on the side lines and preserve capital. You should only take trades that meet your entry criteria!
This is is a great setup, one of the best I have seen in a while. We have a complete head and shoulders on the weekly, with a key level on 1.000 below. I have been entered into a short position after a re test of the weekly trend line, key resistance and 50 /20 ema zone. I will take this pair down to 1.000, making it just under 2.5:1 reward / Risk
This is is a great setup, one of the best I have seen in a while. We have a complete head and shoulders on the weekly, with a key level on 1.000 below. I have been entered into a short position after a re test of the weekly trend line, key resistance and 50 /20 ema zone. I will take this pair down to 1.000, making it just under 2.5:1 reward / Risk