AUDNZD long?
Updated
Kept my eye closely on this pair since last year since the price was creeping towards it’s LOWEST levels.
Managed to catch ALL the moves over the space of 3-6months
Flash crash at the start of the year, leading to the divergence with an impulsive move to zone (1.070), which is our TP.
Since then, it’s following a descending channel (flag) which is a continuation price action pattern. \u2028A bullish wave is expected from resistance turned support @ mirror level 1.4150, which is where our SL will be set.
Trade invalidated if it breaks this zone.
SCENARIO:
SL: 1.4150
TP1: 1.070
TP2: OPEN
TARGET: 130 - 500 pips
ESTIMATED TIME: 7-25 days
Managed to catch ALL the moves over the space of 3-6months
Flash crash at the start of the year, leading to the divergence with an impulsive move to zone (1.070), which is our TP.
Since then, it’s following a descending channel (flag) which is a continuation price action pattern. \u2028A bullish wave is expected from resistance turned support @ mirror level 1.4150, which is where our SL will be set.
Trade invalidated if it breaks this zone.
SCENARIO:
SL: 1.4150
TP1: 1.070
TP2: OPEN
TARGET: 130 - 500 pips
ESTIMATED TIME: 7-25 days
Trade active
Running with profits, move SL to BE for a risk-free trade!Trade closed manually
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