Going long on AUD/NZD
Reason for entry: Broke resistance and moving average
What did price do last time it was in this area?: It went up
Any patterns? Squeeze?: Doji at the single bottom
Fibonnacis? The shorter the retracement, the shorter the trend. Look to enter when price breaks 100: N/A
Divergance?: N/A
Breakout & retest?: No, maybe later.
last swing low/high broken?: Yes
Risk/reward ratio (consider the candle wicks): 4.05
Potential profit: 11.9%
Potential loss: 2.9%
Indicators: CCI, RSI, MACD, Volume, Moving Average all bullish
Multiple time frame support (1W, 1D, 4H): There is confluence on all three time frames
Moving Average: Just broke the MA
Upcoming news announcements: Two announcements for AUD later in the day
How confident are you with your position?: 75% confident
How do you feel in general?: A little anxious to trade but still confident
What did price do last time it was in this area?: It went up
Any patterns? Squeeze?: Doji at the single bottom
Fibonnacis? The shorter the retracement, the shorter the trend. Look to enter when price breaks 100: N/A
Divergance?: N/A
Breakout & retest?: No, maybe later.
last swing low/high broken?: Yes
Risk/reward ratio (consider the candle wicks): 4.05
Potential profit: 11.9%
Potential loss: 2.9%
Indicators: CCI, RSI, MACD, Volume, Moving Average all bullish
Multiple time frame support (1W, 1D, 4H): There is confluence on all three time frames
Moving Average: Just broke the MA
Upcoming news announcements: Two announcements for AUD later in the day
How confident are you with your position?: 75% confident
How do you feel in general?: A little anxious to trade but still confident
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