AUDNZD LONG 4 HR BREAK AND RETEST TRADE SETUP
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.