Technician
Long

(J) Trade 21 : Quick Counter Bias Trade #forex

FX:AUDNZD   Australian Dollar/New Zealand Dollar
1981 15 49
Update 2: Target reached.
Profit= 2x$8x69= $1104
Balance= $29104

Update: Moved stop to breakeven.
===========================================================================
Trade 21: Long AUDNZD             @1.0918
Trade Status: Active
S.L 1.0880
Tgt             1.0987
Exceptionally, this trade will have one target.
Balance= $28 000 Position size = 2 lot ~ 2.5% risk of capital

===========================================================================
Reasoning
  • 1.272 extenstion for latest bullish wave is acting as support.
  • Multiple Pin bars

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Technician
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Hey Technician, Nice one mate. We also have a POTENTIAL double bottom, which can convert into 2618 trade setup, if we can break and close above 1.09554. All the BEST mate :)
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Technician TOP moneymaking
Thanks
Reply
Good call mate, thanks.
Reply
Thanks
Reply
I had similar planned. Not sure though whether I will hit my second target
#AUDNZD Long Idea (Fib, ABCD, Structure)
Reply
Marvin TradeYodha
Hi T. Nice set-up- I'm loathe to take an aud trade whenever Gov Stevens is about to open his trap. In your rules you say that you will have two units with two targets. Don't you normally put the 2nd target on the chart or state it somewhere?
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True, but exceptionally, this trade will have one target.
Reply
Technician TOP TradeYodha
The best to you
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Update: Moved stop to breakeven.
Reply
Update: Target reached.
Profit= 2x$8x69= $1104
Reply
Hello my friend
BASED ON ANALYSIS PREVIOUS ABOUT PATTERN DOUBLE TOP:
Do you think NOW BREAKOUT FOR PATTERN DOUBLE TOP IN NECKLINE DONE?
Reply
Technician TOP MILAD-FX-26
Hello milad,
yes its broken, but i am not acting on this yet, i would like to see one more confirmation.
Reply
Wow! really nice one! congrats tech!
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Technician TOP AlexD_Trading
Thanks :)
Reply
thanks my friend
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