akyong
Long

AUDNZD: Much Confluence at 1.0595

FX:AUDNZD   Australian Dollar/New Zealand Dollar
2 months ago
3 confluences at 1.0595 - a Shark pattern completion, an AB=CD move, and a 1.618 fib extension!
2 months ago
Trade active
2 months ago
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.
2 months ago
Trade closed: target reached
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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fx_007
2 months ago
Do you still believe this extension will hold? It seems to be moving in a bear trend...
Reply
akyong fx_007
2 months ago
I will still be monitoring that level for price action confirmation before entering the trade
Reply
yewtay
2 months ago
akyong, is this a short ?
Reply
akyong yewtay
2 months ago
a buy
Reply
fx_007 akyong
2 months ago
Hi Akyong, what is your target for this one?
Reply
akyong fx_007
2 months ago
TP 1 @ 1.0660; TP 2 @ 1.0700
Reply
fx_007 akyong
2 months ago
Great! - Thanks for the share. Goodluck
Reply
FakerT
2 months ago
hi kar yong, may i know whats yr SL for this trade?
Reply
akyong FakerT
2 months ago
i put mine at 1.0590. Just below the immediate low
Reply
fx_007
2 months ago
Nice forecast. What is the potential for TP 2? @ 1.0700
Reply
akyong fx_007
2 months ago
1.0695
Reply
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