AUD/NZD Short - Tasty looking but risky
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.
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.