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  • Writer's pictureKeon

AUD/NZD trading plan | Oct 4, 2022

Here is how I am trading AUD/NZD:

When the pair actually broke the uptrending tendency very first time, I didn't took any sell trade because I wanted to wait for RBA decision and further price action. After retracing a bit upward, the pair continued falling, and RBA raised the interest rate less than forecast, so the pair came to the break point again and was ready to fall further; so I took a sell position. At the same time, MACD made histogram below 0, which too supported the ideal of the sell trade.

Please note that Keon Consultancy uses these ideas in Forex Account Management / Fund Management; however, it doesn't post all the ideas used in trading.

1 comment

1 Comment

Closed at the TP.

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