What would this website be if it wasn't for AUDNZD! The desired push over 1.2280 did not materialise at first attempt. This could never the less be an opportunity for those wishing to get long to place orders below the recent low at 1.1655, as detailed in the chart above. A complex retracement may be forming with a false break under 1.1655 the favoured outcome. You guessed it, I'm still bullish.....
Whilst writing I would like to point out, however obvious it may seem, that any references to trade ideas are my suggestions, and that anyone wishing to speculate should consider carefully their own parameters and risk tolerance when formulating trades. All trades are executed at the traders own risk.
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