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MyChildTradesBetterThanYou
Dec 18, 2017 3:33 PM

AUDNZD Unexpected Bollinger Band Spike Short

AUD/NZDOANDA

Description

Hi traders,

A long wick has been left outside of the Bollinger Band, wonderful spike with the Bollinger Bands having the perfect angle. I entered the trade as soon as the candle closed with my profit target set at the 50% Fibonacci level. If the next candle goes against me, I will be closing the trade, otherwise I will put it to break-even. We have a slight divergence as well.

(This is not a trade recommendation!)

Comment

Break-even trade.
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