Comments on: AUD/NZD: Double-bottom fails to form

By: Sean Lee

Sean Lee — Mon, 08 Jul 2013 09:02:02 +0000

Good luck Jack, keep stops fairly tight though in light of strong downtrend. Best to live n fight another day 🙂

By: JACK

JACK — Mon, 08 Jul 2013 08:50:02 +0000

Yup,I’m have a faith in your view, for AUDUSD I’m wait it daily close above 9MA, then maybe we can see the 0.93(21MA), that my personal view, I’m keep buying AUDUSD on dips, last friday I’m long @0.905 after NFP,(current average at 0.909) hope that will bring me the reward soon,thanks Sean!!

By: Sean Lee

Sean Lee — Mon, 08 Jul 2013 08:25:56 +0000

I’d stick with long NZD and long AUD trades Jack. I’m pretty sure that we will see both bouncing strongly in coming months once the sheep have all herded onto the trade of the moment.

By: JACK

JACK — Mon, 08 Jul 2013 08:14:48 +0000

Noted,thanks, currently the position I’m open are long commodity pair, include AUD, not sure that are the contrarian you call.

By: Sean Lee

Sean Lee — Mon, 08 Jul 2013 08:04:38 +0000

Nice trade Jack, no harm in booking some profits on rallies and then reload on dips. That’s how to make some serious cash off a good idea

By: JACK

JACK — Mon, 08 Jul 2013 06:03:09 +0000

Hi Sean, follow your advise I been long NZDCHF at 0.74, I m plan to move my SL at my entry lvl if daily close above 0.75, and set my TP at 0.762, or actually you think it will move higher?