AUDNZD Trade Potential 7/8/2014- My Thoughts

Hey there folks,

Wanted to share a recent blog post I made about some potential trading opportunities on the AUDNZD.
Share your thoughts and ask some questions here! I’d love to interact regarding this pair.

Jake

AUDNZD Trade Potential 7/8/2014

Hi Jake,

Nice analysis based on solid grounds. I actually spotted a lower TF Z Pattern on this pair and since I had the same anticipation as yours I scalped myself in. I believe there is a 8H PB that could bare that momentum needed to push prices to maybe 1.08 or higher, aswell.

Keep up the good work.

Best

Hi Kasravi,

How far do you let price go past your stop before you cancel your orders that don’t trigger? Also I was wondering if you or anyone else could recommend the best economic calendar to use.

Cheers,

I prefer Forex Factory’s: ECON CAL

Thanks.

Andrew.

From me too (thanks).

Update on trade idea if anyone’s interested:

$AUDNZD Trade Prospect Update 7/25/2014 #FOREX - FOREX-unlimited.com

Hey Folks, keep an eye on this pair! The only two support barriers, before this currency pair will hit parity are 1.0297, and the latest all-time low, at 1.0280 Obey your Forex trading strategies, find good entry points on the lower time frames and pay close attention to the above mentioned levels before you enter a long position on this pair.