hope.bleecker
Long

BUYING TEST of Top of Flagpole Pennant

FX:AUDNZD   Australian Dollar/New Zealand Dollar
325 5 14
I'm starting scalps on this already bullish pair back up the top of the pennant at 1.1220 and then continuation to 11390. Thanks!
Trade active: I've got one off and break even at 100 pips hold until 11390.
Trade active: Hold em tigers, Hold em.. still running it. One off break even.
Trade active: I have another one off for 150 pips. Thanks! still on the rest of them.
on the daily there is a pinbar set up with a recent triple top around 1.240 the 50EMA offers support around 1.1068. On the smaller time frames(15Min) the 50EMA is resistance at 1.1200. To me on the short term this is a better short. Although the trend is up. I seem to be more of a swing trader though than a day trader, but it appears as those the 50EMA has been respected of late.
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hope.bleecker SimpleChaos
Thanks so much for your input. What we are doing on this is just trading it into the highertimeframe fib extension. So what I do is leave it after I make 100 pips on it and it runs to the fib extension. Works pretty well for us at roughly 2500 pips per week and roughly 8500 to 10,000 pips per week.
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i will sell around 1.1235 :)
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I will follow this idea, I had it on my mind you just confirm me, thanks :)
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YAY! I've run three of the aussies long today for profit.. Hope you did well on it!
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