FX:AUDNZD   Australian Dollar / New Zealand Dollar
Here we have a setup for AUD/NZD Shorts which will hopefully correlate with my GBP/NZD short idea.

Similar kind of setup just awaiting to fill the lower range with around a 35 pip stop loss and a 80-100 pip TP

We are also close to seeing a MA crossover further signifying downside movement
Comment: We have had 3 touches of our ascending trendline now and hopefully the fourth touch will give us our confirmation of further downside

Comments

We have had our 4th touch and break now hoping for this pair to continue to the downside

I will be monitoring this setup closely this week hoping to move my stop loss into profit or breakeven in around 20 pips time
Reply
Hi, great analysis and similar strategy to mine. Can you explain why you are waiting for a forth touch of the ascending trend line as opposed to the descending line? Thanks in advance
Reply
@Bow91, Hello,

because I am waiting for the 4th touch and break of the trendline ascending,
It appears to be doing this now as the MA's have all crossed over on the 1 hourly
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out