akyong
Long

AUDNZD: Much Confluence at 1.0595

FX:AUDNZD   Australian Dollar/New Zealand Dollar
3 confluences at 1.0595 - a Shark pattern completion, an AB=CD move, and a 1.618 fib extension!
Trade active
Comment:
snapshot


Just to share for education purpose, I wait for a bullish candle formation with RSI at oversold at a smaller timeframe (in this case M15) to pull the trigger to enter.

Stops are very tight, just below the lows, and TP i'm using 38.2 and 61.8 fib retracement for targets.
Trade closed: target reached
Do you still believe this extension will hold? It seems to be moving in a bear trend...
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akyong fx_007
I will still be monitoring that level for price action confirmation before entering the trade
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akyong, is this a short ?
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akyong yewtay
a buy
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fx_007 akyong
Hi Akyong, what is your target for this one?
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akyong fx_007
TP 1 @ 1.0660; TP 2 @ 1.0700
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fx_007 akyong
Great! - Thanks for the share. Goodluck
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hi kar yong, may i know whats yr SL for this trade?
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akyong FakerT
i put mine at 1.0590. Just below the immediate low
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Nice forecast. What is the potential for TP 2? @ 1.0700
Reply
akyong fx_007
1.0695
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