AUDNZD – Waiting for a breakout of the ST range

The AUDNZD has been trading in a short term range since the 18th of July, I’ll wait for it to break the short term range before looking for any trade opportunities:

My trading plan is:

If it breaks the top of the range it will trigger a bullish condition, only longs will be in play.

If it breaks the bottom of the range it will trigger a bearish condition, only shorts will be in play.

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .