OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
We are currently at an area where we could go short if we start to drop .

I am looking to short this pair.

Comments

The idea of going short is right but the stop loss in the above chart was defined incorrectly. It should have been further up
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PeterHedger3 FlyToSky1
@FlyToSky1,Thanks for your comment. Remember, this is not a trading plan, its a trade idea. Everyone will trade with different levels of risk tolerance and risk reward ratios. That is why I don't add stop loss and take profit targets on my ideas as everyone must be responsible for their trades.
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I see price coming back down in future as there is imbalance there. I do an analysis on it later
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Still going up
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PeterHedger3 saharrashed
@saharrashed, Lets see if it will continue :)
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I took short position at 1.077300, and it is still going up strong, do you think is it going to come down soon? I am new to FX trading.
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@VRFX I have sent you a DM
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VRFX PeterHedger3
@PeterHedger3, Thanks Peter. I am keeping my eye on trade if losses become too high I will close the position, I have room for another 40/50 points.
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@VRFX @peterhedger3 I’m in the same position very new to forex and was convinced it was going to drop! I’m hoping it’s going to come through
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PeterHedger3 Richards440
@Richards440, Just remember to manage your risk as no single position should give you too much stress, even though we want to win all the time :)

Feel free to message me if you need anything.
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