FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD             made a double top right on a heavy resistance level , waiting for this pair to break the channel to short it more .
Trade closed: target reached: Target hit, congrats if anyone was brave enough to trade this short during nzd news.
great trade.
I see that you shorted right when it touched the wall of the channel. how high you place the stop?
also, giving that most clear breakouts (after retesting) are strong, has it ever occurred that you might want to switch the position? I don't mean revenge trading. wondering if there is a good strategy.
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tonz_of_gunz NavidDavani
Thank you, well my sl was a few pips above the highs, i dont know what you mean by switching the position after a nice breakout.I shorted here because of the pattern and the location , if i see something similar after breakout looks like is finished sure i will buy and close this one.
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