Tuesday, November 13, 2012

AUDNZD Short Trade

myfxvoyage.blogspot.com AUDNZD Short Trade
This is in continuation to the setup posted earlier. Details [here]. A short trade on break of lower trendline 

Price has came to lower trendline and looks like it want to jump. Price has came below 100EMA and 200EMA is just below the trendline. 

I plan to go short, for half size, on hourly close below the trendline. I will add another half size short at touch of the upper trendline.

Details of H4 big channel is [here]. 

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