AUD/NZD Long-term solid trade | Forex Factory

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AUD/NZD Long-term solid trade

  • #1
  • First Post: Sep 1, 2006 11:01am Sep 1, 2006 11:01am
Take a a look at a daily AUD/NZD Chart
It just bounced right off the the huge 38 fib level
I'm selling on a the pull back that is happening right now, stops at 1.20 half my limit is at th 50% level around 1.14 and the other half of my limist is at around the 1.12 level

What do you guys think?
  • #2
  • Sep 1, 2006 11:17am Sep 1, 2006 11:17am
Don't know about AUD/NZD, but I trade AUD/JPY myself. Nice long trends with a lasting finish...

ahhhh...
Mr. Trend
  • #3
  • Last Post: Sep 1, 2006 11:19am Sep 1, 2006 11:19am
Looking at the daily I see a PIN formed. If she closes above 117.20 I think i would consider going long next week. Seems to be good support from last lows at this level in Apr and May.
I don't trade this pair so I won't actually go long, just a opinion on the daily candles.
In trading, there is no bullshit. You either make money or you don't.
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