AUDNZD SHORT
Why are we entering?
- We are expecting AUD weakness & NZD strength
- Price to reject our 4HR EMA & lower timeframe RISK trendline
- Price to reject our entry point or horizontal line
What are we waiting for to happen?
- Rejection of horizontal line (previous highs / structure level)
- Break of 4HR EMA & lower timeframe RISK trendline
Entry
SAFE Entry: Rejection of entry & break of L/F RISK trendline & 4HR EMA
Risk Entry 1: Early break of L/F RISK trendline or 4HR EMA
Once entered, where will our Stoploss be?
- Above the horizontal line & structure level (above 1.1155) 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - Previous structure level, 0.618 fibonacci level & WFB trendline : 1.0825 (300 pips)
- Final TP - Previous low : 1.625 (500pips)
Why are we entering?
- We are expecting AUD weakness & NZD strength
- Price to reject our 4HR EMA & lower timeframe RISK trendline
- Price to reject our entry point or horizontal line
What are we waiting for to happen?
- Rejection of horizontal line (previous highs / structure level)
- Break of 4HR EMA & lower timeframe RISK trendline
Entry
SAFE Entry: Rejection of entry & break of L/F RISK trendline & 4HR EMA
Risk Entry 1: Early break of L/F RISK trendline or 4HR EMA
Once entered, where will our Stoploss be?
- Above the horizontal line & structure level (above 1.1155) 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - Previous structure level, 0.618 fibonacci level & WFB trendline : 1.0825 (300 pips)
- Final TP - Previous low : 1.625 (500pips)
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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.
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
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.