Institutional Demand: AUD/NZD Long
Hi Max here again,
The second AUD pair I am watching closely is AUD/NZD long, which is very similar at the moment as the AUD/JPY play I shared before.
For our tradingstyle it's rather normal that multiple correlated pairs are on watch together, this is good because our entry criteria is rather strict, and
having more pairs to watch therefor increases the probability to take action when a valid setup does present itself.
This AUD/NZD play is from a different type of zone than AUD/JPY but the probability is more or less equal.
Let's wait for a Hybrid opportunity and maybe some scale-ins later on.. first the zone needs to be reached.
Kind regards,
MNieveld
The second AUD pair I am watching closely is AUD/NZD long, which is very similar at the moment as the AUD/JPY play I shared before.
For our tradingstyle it's rather normal that multiple correlated pairs are on watch together, this is good because our entry criteria is rather strict, and
having more pairs to watch therefor increases the probability to take action when a valid setup does present itself.
This AUD/NZD play is from a different type of zone than AUD/JPY but the probability is more or less equal.
Let's wait for a Hybrid opportunity and maybe some scale-ins later on.. first the zone needs to be reached.
Kind regards,
MNieveld