AUDNZD - Weekly Tweezer Tops
Updated
Just checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000.
I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown.
Looking for price to retrace back down to my bullish trend line and support at 0.0925 and go long on a proper price action set up. (yellow zone)
I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown.
Looking for price to retrace back down to my bullish trend line and support at 0.0925 and go long on a proper price action set up. (yellow zone)
Note
Sorry guys, Published two of the same ideas. I didn't like the thumbnail on the first post and then realized that we apparently can't delete previous posts. My mistake!MikeW
Trade closed manually
Closed out this trade for 1% profit. I wasn't liking the price action forming and wanted to limit my exposure to AUD as i've already got running trades on AUDCHF, and AUDJPY which are forming up much better.
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