Tight Stop AUDNZD - Risk Reward Minimum 1 to 10, Maximum 1 to 20 Long

Australian Dollar/New Zealand DollarFXCM

Description

⋅ Dec 9, 2013 7:13 AM

Great buy zone for tight stop loss entry.

Who cares if I get stopped out 3 or 4 times
As long as I catch the bottom I will profit 20 times what I risked (add to winners)

Comments

SBCM

⋅ Dec 9, 2013 9:23 AM

2015 or 2016 possible new strong multi-year bull trend.

SBCM

⋅ Dec 9, 2013 9:22 AM

Yes with proper adding to winners and patience, can increase reward to 50 times initial risk.

Target for 1.1060 and 1.1210 initially then 1.1540 and 1.1780 later but unlikely.

2014 likely to not be a reversal but instead a consolidation of bear trend (which will include 500 pip correction to bull)

Ryan_Tyler

⋅ Dec 9, 2013 9:12 AM

Good thoughts mate. One big win will cover your all losses.