2015-11-09_21-19-30audnzd

Another trade idea would be a short for the audnzd pair.

On the daily chart we see that we have been given a nice retracement and that price is a little bid below resistance.

Of interest to note is that todays candle is a doji candle. A doji means indecision in the market.

A sell stop order could be placed below the canedle that would be triggered if price breaks below it.

The stop loss could go over the 200ma with the purple color.

The target would be at the next support level.

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