AUD/NZD SHORT ON DAILY CHART Short

AUSTRALIAN DOLLAR / NEW ZEALAND DOLLARICE

Description

⋅ Aug 17, 2015 10:35 PM

Looking at a low risk and decent risk reward trade on a potential down channel.

This could be the formation of a bullish flag but with a tight stop I am going to enter seeing if I can catch a decent move to the downside.

Once TP 1 is hit then stops move to break even and will start training stop as we hopefully head to TP 2.

Keen on your thoughts?

AUDNZD

Comments

nick.harrington

⋅ Aug 25, 2015 10:53 PM

Locked in some decent profits from TP1 and then the trailing stop got hit. Good trade.

Look at the spike after I'm out the trade!

nick.harrington

⋅ Aug 23, 2015 4:54 PM

SO... Target 1 hit and trailing for Target 2 with stop set at 5 pips above the last days high. Already made a good profit on this so hope I can keep trailing it. :)