AUD/NZD - Falling Wedge Breakout

I'll be entering the trade when price breaks out from the wedge, stop loss where price rebounded from the up trends support and take profit at the top of the wedge. The price may stagnate a bit at 1.08323 and 1.09660 but my target is still the same. I will be cautious at 1.09660 and may even manually close the trade to secure profits.

Note

approaching breakout zone, depending on how price moves I may change my entry a few pips above 1.08323. Wait for the 4hr candlestick to close above wedge before entering. Good Luck!.

Trade active

Buy order hit while sleeping, trade is going swimmingly. watch for where the 4hr candlestick closes. there is a lot of previous resistance at 1.08323

Trade closed manually

Want to see a clean break of 1.08323 before continuing trade.

Trade active

i'm back in the trade, i'm staying long until we hit tp. I'm watching 1.09660 very carefully, we might catch resistance here

ashddylan

Related publications

AUD/NZD - Bullish Outlook

by ashddylan

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.