AUDNZD Flag setup. and flag trade strategy.
There is good example and my way to trade Flag.
I'm looking for strong impulse, then wait correction to 0.618-0.786 Fibo level and jump into the trade with Risk Reward 1:2.
If Fibo 0.618 - then RR = 1:2
If Fibo 0.768 - then RR = 1:4
There is a good setup, not so risky&profitable, it can be like a regular salary on the market)
I'm looking for strong impulse, then wait correction to 0.618-0.786 Fibo level and jump into the trade with Risk Reward 1:2.
If Fibo 0.618 - then RR = 1:2
If Fibo 0.768 - then RR = 1:4
There is a good setup, not so risky&profitable, it can be like a regular salary on the market)
Comment:
It's going not bad, i've moved stop at BE.
Trade closed: target reached:
Flag is very reliable signal!