Week 7: AUDNZD Short (BFT Algo)

Short

Australian Dollar / New Zealand Dollar (FX:AUDNZD)

Updated

FX:AUDNZD Australian Dollar / New Zealand Dollar

Why take this trade?

1. Bearish down trend
2. 3rd time coming to the same resistance line (Tested)
3. 132 pips of upside

2.0 risk with 0.02 lot x 4

Comment:

Buy limit 1: 1.04627, TP: 1.03937, SL: 1.05141
Buy limit 2: 1.04546, TP: 1.03799, SL: 1.05141
Buy limit 3: 1.04405, TP: 1.03314 , SL: 1.05024
Buy limit 4: 1.04329, TP: 1.03187 , SL: 1.05024

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.