ThomasJeff_DCM
Short

AUDNZD potential short on a Bat formation

FX:AUDNZD   Australian Dollar/New Zealand Dollar
7 months ago
Here on the AUDNZD             we have had a downtrend from a lower timeframe standpoint, and we got this Bat pattern formation at a support turned resistance, although it seems like a good place to short the market, i am not really feeling it, its not the X leg is not at the real start of the impuls leg, but it is a valid outside return into resistance and it fits the bill, so we have to take the trade. Remember sometimes it does not feel right, but the plan is the law that is a dictatorship on how you should move on and about it the markets every day.

Let´s hope for less volatility now some of the new´s are out of the way, we got 4 trades today that all returned on a time within 2-10 pips before our PRZ to just hit target´s and leave us sitting on the sideline watching the moneytrain roll by. It´s also a common thing for us harmonic formation traders we have to accept, but i apologize for all the invalid trades i post, i think i will try from now on to post those that is just going live, but it means a lot of trades will never get posted as they happens off screen time.

Kind Regards
Thomas Jeff
7 months ago
Comment: Target reached, trade closed.
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