I'm currently waiting for a mid-term LONG trade for AUDUSD. However, during this waiting time, this is my short term trade for AUDNZD for the correction wave. Duration for this trade should be less than a day. Profit is aimed at 50% retracement of wave 1. This is a correction wave trade so please do not risk too much of your portfolio in case the wave does not goes as how we want it to go.
Chart includes Entry, PT and SL so please see it for more details.
ENTRY 1 : 1.0750 SL : 1.0776
TP : 1.0706
R/R : 1.71
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Almost to TP, took 1/4 profit, set stoploss to break even.
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Well.. break even with 1/4 profit. Now we have H&S pattern in play.. hopefully to catch good profit on this one...