AUDNZD LONG 4 HR BREAK AND RETEST TRADE SETUP
Updated
Hi everyone:
Here is a good opportunity on AUDNZD long, any feedback and comments are greatly
appreciated it.
Thank you
Trade: #2 (2017)
Date: 01/04/2017
Time: 07:00 GMT
Forex Pair/Commodity: AUDNZD
Position: BUY (LONG)
Reward/Risk: Potential 6:1
Enter the LONG position @ 1.0450 as the 4 HR chart breaks above the resistance trend line,
and the ascending triangle, now coming back for a retest, making a higher low, bullish momentum
confirmed.
Targeting the daily neckline of the inverse Head and Shoulder @ 1.0750 area.
Thank you for viewing, if you like what you see, please LIKE it.
Here is a good opportunity on AUDNZD long, any feedback and comments are greatly
appreciated it.
Thank you
Trade: #2 (2017)
Date: 01/04/2017
Time: 07:00 GMT
Forex Pair/Commodity: AUDNZD
Position: BUY (LONG)
Reward/Risk: Potential 6:1
Enter the LONG position @ 1.0450 as the 4 HR chart breaks above the resistance trend line,
and the ascending triangle, now coming back for a retest, making a higher low, bullish momentum
confirmed.
Targeting the daily neckline of the inverse Head and Shoulder @ 1.0750 area.
Thank you for viewing, if you like what you see, please LIKE it.
Trade active
Here are my multi-time frame analysis:Note
Note
Move my stop loss to break even @1.0450, price action continue to go up.Trade closed: target reached
RESULT: +1.5% PROFIT. 4 HR chart bounced down, broke down the 20 EMA, manually exit the trade @1.0525 for 1.5% profit.
Date: 01/12/2017
Time: 23:00 GMT
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