AUDNZD: Crazy Short Trade
The market looks overbought. The price is far from SMAs, and we can expect a pullback toward SMA50 at least. RSI confirms the price reversal from the resistance zone. MACD gives a bearish signal.
We have a selling opportunity.
Estimated entry and exit points:
Sell below 1.06730
Stop above 1.06850
Profit Target at 1.06295
Risk per trade must be no more than 1-2% from the trading capital.
What do you think about such trade? Share your thoughts in comments.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
We have a selling opportunity.
Estimated entry and exit points:
Sell below 1.06730
Stop above 1.06850
Profit Target at 1.06295
Risk per trade must be no more than 1-2% from the trading capital.
What do you think about such trade? Share your thoughts in comments.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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