Pending short order on the AUDNZD

Written by Raul Lopez on . Posted in Trades & Analysis.

There aren’t many opportunities today (from my point of view), that’s the reason I wanted to ask you: On what currency pairs are you focusing today?

One of the few currency pairs is the AUDNZD. On the long term charts I see a clear bearish condition. Do you agree?

On the short term charts, I got a short signal earlier today, it’s not open yet, but I will be in the following hours:

My stop entry order is at 1.2626, my SL is at 1.2671. I plan to take partial profits around the bottom of the short term range: 1.2535 and I have an open target for the remaining part.

Sounds like a good plan? What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

AUDNZD Analysis, forex

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 .
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