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JD_TeenTrader

1:3 Risk to reward on AUDNZD Sell

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
JD_TeenTrader  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDNZD audnzdshort batppattern sellsignal Forex
3
0
trendanalysis harmonicpatterns chartpattern audnzd audnzdshort batppattern sellsignal forex
Here is why we are selling.

Trend:

W1: Down
D1: Down
H4: Up but it is overbought

Moving Average:

Within Daily MA
H4 pointing upwards

Pattern:

Bat on M30

Strong resistance at 1.0705

35 pip stop loss.
100 pip target

Lot of divergence on M15
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