Forex Trade Review: AUD/NZD Resistance

Stopped out! RBNZ jawboning and strong Australian jobs data combined forces and pushed this pair right back up. Before you go on and read the rest of this forex trade review post, check out these blog entries first:

AUD/NZD Trade Idea
AUD/USD Forex Trade Update
AUD/NZD Trade Adjustments

AUD/NZD 1-hour Forex Chart

AUD/NZD 1-hour Forex Chart

Thank goodness I made forex trade adjustments beforehand! With several top-tier events scheduled from both Australia and New Zealand this week, I just had to limit my exposure and move my stop to entry once price action headed a few pips my way. Unfortunately, the forex market stars were just not lined up in my favor this time.

There’s still a couple of days left for me to grab pips this week though. Got any ideas you’d like to share?

Cheers!

Happy time

Other Popular Articles:

What is the STA strategy? Q1 2014 in Review Comdoll Trading Kit AUD/JPY Trade

 

  • shoen123

    u trade purely on price action?

    • Happy Pip

      Nah, I usually watch both price action and economic data. How about you?

  • Pingback: Forex Trade Update: EUR/AUD Short | Forex Blog: Playing with Comdolls

  • shoen123

    iam a newbie..trying out few technical analysis..eventhough i havent made much improvement….

  • http://fxchronicles.com/ FX Chronicles

    I agree with the majority of the points in this article and it’s great without any doubt. Really a wonderful post! I like it very much. Here I find everything in details. I hope I will see this type of post again in your blog.
    Thanks…….