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Chimbarosa

AB = CD just finished...

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Chimbarosa Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AB=CD
1
0
abcdpattern
… and unfortunately I missed the premium entry. Hence please find SL&TP as indicated. Nevertheless define interim TP 1 - 3. NZD is currently very weak since the central bank just confirmed the current interest rate and the monetary policy. So this trade is pure technical driven. Since I missed the premium entry I start with half position and trade my way through the different TP level.
Trade active
Comment:
40 pips so far… to be on the safe side I move SL to BE and take a small amount of profit.
Comment:
60 pips. Move SL to BE and sell a small amount to cover your spread/swap rate. Consider 1.1025 as an area to sell more, i.e. TP 1.
Comment:
TP 1 hit
Comment:
TP2 hit: 105 pips… Move SL to TP1. My TP 3 is slighly above 1.092.
Comment:
It seems that AUD is gaining strength again. We found support at 1.10. So don´t waste you money and skip TP3 for the time beeing. I am closig my remaing 15% with a small profit of 40 pips minus swap/spread.
Trade closed: target reached
Comment:
And finally we made it: TP hit
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