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remelthomas

AUDNZD DAILY SHORT

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
remelthomas  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
aussie aud NZD newzealand AUDNZD audnzdpullback audnzdshort short SELL Bearish Patterns patience pullback retrcement selloff fib Fibonacci Fibonacci Retracement cluster sellzone 618 Fibonacci Retracement 0.618 0.5 psychological roundnumber support Support and Resistance dynamic dynamiclevels Trend Lines trendcontinuation continuation 50sma Fundamental Analysis
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aussie aud nzd newzealand audnzd audnzdpullback audnzdshort short sell bearish patience pullback retrcement selloff fib fibonacci fibonacciretracement cluster sellzone 618fibonacciretracement 0.618 0.5 psychological roundnumber support supportandresistance dynamic dynamiclevels trendline trendcontinuation continuation 50sma fundamental
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). Another confluence is this trade setup is in line with the fundamentals because the RBA (reserve bank of Australia) said there is a possibly there could be another rate cut in the period ahead.
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