Again a new thread indeed, but this one will exclusively be for audnzd trades.
I've seen many aud thread, but most of them were aud against USD or cad and none of them talked about nzd.
Other trades are some so called martingale system,s which are definitely not ....sorry guys.
I've started trading this sweet pairs when i saw a guy turning 1000usd into 10000usd in a month only by scalping it...
So i'm starting this thread so people can post either swing trades or scalping trades.
I'm doing both on it, but the most efficient is definitely the scalping way.
On a daily basis, prices bounces off 1,2670-80 support twice.
On hourly basis, prices are still in a upside momentum, still above 1,2650 zone.
I'm targeting the upside towards 1,2950 & 1,3130.
Meanwhile i'll keep scalping.
i am actually studying this pair. i am see it with growing interest. i think it is, cause of my view, very easy to trade.
I'm in this thread with you.
i will post a monthly chart (i make my analysis with it) with my view and analysis using Monthly and Weekly fibos, TL (CtC), Stos and MaCD. This is ideal to scalp using possibles reversal points for little timeframe charts
Today's PA is downside oriented...
And it seems to be more nzd strength than aud weakness
Anyway aud news is in 20mn, i'll short the spike up if there is any, ideally towards 1,2740
If price deeps below 1,2600 in the coming day i'll start buying for 1,2940 tp and a stop below 1,2500...it sounds a good risk/reward
Short scalp at 1,2693 , and i'll start buying near 1,2675 and below
Now i"m buying at the level, and probably another one around 1,2650.
And i'll continue scalping it
News in 2h30...it might be fun to scalp spikes
I still have a scalp with a 1,2700 tp, i'll wait the news hoping a down spike to buy more
A spike down to 1,2650 maybe
Price went deeper than i had expected...good , the lower the better
I'll try a short scalp above 1,2650 (55 about), for a move down to 1,2620-30....the up again
Will see if it works
Long 1,2630 for 1,2670....AUD is lagging compared to NZD, it needs to catch it up
Might add one more below 1,2620.
I'm hesitating to keep these longs for a longer run towards 1,3000
1,2620-1,2630 area is forming a support once again...ready for a pump up?!
Long 1,2625 if it hit that zone once again in the next few minutes
I'm done for the day with this sweet pair
1,2700 is cleared, but right now there is no steam to go up.
Short scalp tight stop...waiting for 1,2680....then i'll add longs here...for 1,2750+
Next tp is 1,2800....then 1,2950
Took partial profit at 1,2785...waiting to load longs at 1,2750-60 for 1,2800 then short rallies from here until i-don't-know-where-yet
Price is on the 4h mid bollinger band, & 1,2700 support...going long there for 1,2750 & 1,2800
aud is way better than nzd but still nzd going up way much than any other currency...it gotta drop real bad!
Anybody else interested in this pair ?
Ok, I have just found my entry into a short trade at 1,3141!
There should occure some sort of resistance at 1,3214 at the latest! So I set my SL at 1,3215!
That would of been a pretty scary short, looks like its starting to pay off. This is one of my favorite pairs as well.. What spread are you guys paying for this pair?
Price is due for an valid pull back. Bulls are currently over extended.
Yesterdays End of Day price sat between a strong level and weak level.
In addition to a reversal bar (spinning top).
Evidence was pretty clear of a reversal. Today I enjoyed the fruit of the reversal with 70 tick profit.
Yesterday's EOD chart with levels.
Today's Intra-day chart.
I closed out the short for profit, no holding over the weekend. Will resume shorts next week. Target short level 1.29-1.2950
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