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
As my previous chart stated I knew the chance of the 30 pip SL could be taken out and as per timing when it would go long if it was to hit my sl i've managed to get in this 100 pip target and we are about 2/3 the way there
I rarely ever go near this pair but recently i'm starting to think I should.
Tomorrow is NFP so trade carefully but I really am banking on USD weakness after weeks and weeks of the economy seemingly being propped up out of nowhere. Despite the issues the USA are facing with their handling of (the C word) and the fact that its left over a million in America...
Potential long term swing short from this region,
The GBP has been spiking and we could even test the top of the daily trendline again and even fakeout due to volatility spikes with this pair,
We are still hoping the overall consensus for GBP is Short, I have not entered this trade yet but you could feel free to do so if we break and retest this zone as marked...