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FX618Analysis

POSITION TRADING: AUDNZD SELL LIMIT ORDER. TARGET 1.04650

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Dollar Australia / Dollar New Zealand (FX:AUDNZD)  
FX618Analysis  
FX:AUDNZD   Dollar Australia / Dollar New Zealand
Trend Analysis Chart Patterns Technical Indicators AUDNZD short positiontrading support Support and Resistance Demand Zone Supply Zone breakout
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trendanalysis chartpattern indicator audnzd short positiontrading support supportandresistance demandzone supplyzone breakout
TRADE TYPE: SELL LIMIT
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 1.10500
STOP LOSS: 1.16000
TAKE PROFIT: 1.04650
RISK TO REWARD: 1:1

ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers

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