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Tradeplicity
Feb 1, 2016 2:16 AM

AUD/NZD TWEEZER TOP....Rare Signal Short

Australian Dollar/New Zealand DollarFXCM

Description

Tweezer tops are rare and when they form it could be a very high probability trade. The higher the time frame the stronger it could be.

Comment

We closed out when our 1st Target was hit. We did not have a big position on this pair as we had diversified over other Aussie pairs. If we had a bigger position open, we could let the others just run with stop loss at break-even.

We might also have a Cup-and-Handle formation in the making here thus more reason for us to close out and wait.

-nvestUcapital
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