See the daily chart of AUDNZD below for the discussion that follows.
AUDNZD made a lower low after a persistent uptrend that has been going on for months. Should price bounce to resistance (previous support), I will likely go short if I seen bearish candlestick price action.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
