Technician
Long

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

FX:AUDNZD   Australian Dollar/New Zealand Dollar
1960 15 47
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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moneymaking
a year ago
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 :)
Reply
Technician TOP moneymaking
a year ago
Thanks
Reply
Good call mate, thanks.
Reply
Technician TOP HEmmanuel
a year ago
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
a year ago
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?
Reply
Technician TOP Marvin
a year ago
True, but exceptionally, this trade will have one target.
Reply
Technician TOP TradeYodha
a year ago
The best to you
Reply
Update: Moved stop to breakeven.
Reply
Update: Target reached.
Profit= 2x$8x69= $1104
Reply
MILAD-FX-26
a year ago
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
a year ago
Hello milad,
yes its broken, but i am not acting on this yet, i would like to see one more confirmation.
Reply
AlexD_Trading
a year ago
Wow! really nice one! congrats tech!
Reply
Technician TOP AlexD_Trading
a year ago
Thanks :)
Reply
MILAD-FX-26
a year ago
thanks my friend
Reply
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