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AUD/NZD Short - Tasty looking but risky

by FMAdmin Someone
    AUD/NZD Short - Tasty looking but risky
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    Hope everyone enjoyed their weekend!

    Ok ok, so we have an interesting setup today on the AUD/NZD.

    Very interesting indeed. Let's take a look at the positives:

    - AC is above the middle line.

    - The upper wick is relatively long indicating bearishness.

    Looking at the negatives:

    - Stochastics are somewhat choppy.

    - Huge gap appeared from Sunday night.

    Now, under usual circumstances, I would have taken this trade. However, with a 100 pip gap, that's just put me off. Yeah you always expect a slight gap from market re-opening on Sunday evening, but this is stretching it a bit really.

    Check out the chart setup over at our forum...

    Hope everyone enjoyed their weekend!

    Ok ok, so we have an interesting setup today on the AUD/NZD.

    Very interesting indeed. Let's take a look at the positives:

    - AC is above the middle line.

    - The upper wick is relatively long indicating bearishness.

    Looking at the negatives:

    - Stochastics are somewhat choppy.

    - Huge gap appeared from Sunday night.

    Now, under usual circumstances, I would have taken this trade. However, with a 100 pip gap, that's just put me off. Yeah you always expect a slight gap from market re-opening on Sunday evening, but this is stretching it a bit really.

    Check out the chart setup over at our forum...

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