Lanmar
Long

AUDNZD: Buying the lower bound of the pennant

FX:AUDNZD   Australian Dollar / New Zealand Dollar
117 3 4
Updating the chart below

Trade closed: stop reached: NOT GOING LONG on daily. Broke below TL and strong structure.
Thanks for the update, you mean no longer bull right now....?
Reply
Lanmar Mrsaini
@Mrsaini, Sure. One of my rules is to stop out if the daily close falls below any trendline. Now that it has reversed above it I will wait for the daily close to reenter a long somewhere at 1.0455
Reply
Mrsaini Lanmar
@Lanmar, Thanks, I entered long in buy zone and holding it with my sl intact at 1.0400 level...
Reply
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