I am looking at going long on AUD NZD again after missing out on the pip perfect entry last time I published on this pair.
I will be attaching a series of images down in the updates.
Confluences:
Weekly: Massive head and shoulder formation looks like it's about to finish the right shoulder off Daily: Another Head and shoulder formation which is at the right shoulder point.
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Explanation of the strategy i'm using to enter on the formation of the right shoulder:
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Here is how the Weekly neckline and take profit area for the completion of Daily H&S line up
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This is the finished analysis and trade idea:
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Here is yet another pattern backing up the overall bias.
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Some more entries for those who didn't act on the first trade published
Trade active
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Two entries that was sent out is currently active and in profit. Optimal entry is at least +50 in profit depending on when you got in.
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Yet another trade if you're risk seeking
Overall trade is going great. I'm holding all my positions for the long run.
Trade closed: target reached
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Target on several of the trades in this thread has been reached. Follow for more setups. Over 130 pips banked so far on optimal entries.