AUDNZD - long plan for next week
Updated
With over 80% bullish sentiment, this one could run upside at least until NZD news on Tuesday early morning (CET). Both AUD and NZD turned to upside in the previous week and are walking hand in hand (see composite index chart below). We'll see how it will rollout at 1.0230 -1.0250 level - I'm willing adding to longs on every retrace towards 1.0170 with first target at 1.0300.
If 1.023 will get broken good and show continuation, I expect it to retrace max to 1.0200.
But this is speculation already, let it play it's game and follow it.
Composite index:
Daily chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
If 1.023 will get broken good and show continuation, I expect it to retrace max to 1.0200.
But this is speculation already, let it play it's game and follow it.
Composite index:
Daily chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Small long with 30 pips SL.Note
Closed 1/2, SL to BE.Note
Moved SL to +35 pips.Trade closed: stop reached
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