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IvanLabrie
1 Jul 2015 pukul 02.13

AUDNZD: Time and price target for a reversal Singkat

AUSTRALIAN DOLLAR / NEW ZEALAND DOLLARICE

Huraian

Ok, some traders noticed this vertical advance and want to short it.
I do too, but not for now. I'll wait for confirmation before going short, but it looks like a potentially very good trade.

It's reassuring that we are at the start of a new quarter, and many trends will start to reverse, and many pairs will come out of consolidation patterns as money managers take profits to show results to their investors, and also, the Grexit drama rears its ugly head once again, during tonight's Asia/London session.

I'm considering this trade, once the price in the daily and 4h charts confirm the entry.
For now, keep a close watch to both time and price, since this zone is critical in my view.
I'll update the chart with my entry.

Good luck,
Ivan.
Komen
IvanLabrie
Move down will end soon:



Exactly 6hs 32 minutes.
IvanLabrie


This is potentially a good entry, 0.5% risk each trade.
Cover 75% of each order once the target is reached (low retest)
moorekapital
AGREED! I Published A Similar View, 4 Days Ago
IvanLabrie
This is looking messy, better wait for clarity, might still be a short...and possibly a huge one.
IvanLabrie
2h 50m NZD Business NZ PMI (May)
3h 5m NZD Consumer Price Index (YoY) (Q2)
3h 5m NZD Consumer Price Index (QoQ) (Q2)

This might bring some volatility back.
Awaiting a drop under this current mode.
Aiming for at least a retest of the recent lows for partial tp.
IvanLabrie
Placed limit sells:

IvanLabrie
Cancelled limit sells and took profits.
MarkLangley
good chart Ivan just plotted a resistance at 1.14 which i am watching for reversal trade
IvanLabrie
Great, the downside clearly offers better potential rewards this time.
jangseohee
Lebih