AUD/NZD, DAY CHART, SHORT (27-NOV-2016)

AUD/NZD is trading in a range between the resistance and support zone indicated.

In recent time, it is trading within the downward channel.
The price rally up near to the upper side of the downward trend line.

Wait for bearish signals to short this pair.
You can earn little convenience interest by holding this pair for longer time.

If the bullish trend continues, don't bother to entry as the risk/reward ratio is not so nice.

Trade safely with proper risk management skill.

Trade active:

The price follows our plan. Now is the executing time.

EP: 1.05148
SL: 1.06529
TP: 1.03720

Trade safely with right risk management :)

Trade active:

The price is moving down.

Decided to move SL to 1.05148 as Break Even Point.

Now it is our risk-free trade :)

Trade active:

Now, we move the SL to become Trailing SL at 1.04732.

With that, we secured a profit of 41 pips.