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justinholtgrave

AUDNZD - Bearish Engulfing

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
justinholtgrave Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Wave Analysis
10
0
trendanalysis chartpattern waveanalysis
AUDNZD has formed a very strong bearish engulfing trade setup on the daily timeframe. A downtrending support line, a very strong Bollinger Band outbreak, and a significant engulfing candlestick confirm this setup. SL set above previous highs, TP set at previous lows.
Comment:
SL moved to break-even. Currently 142 pips in profit.
Comment:
Currently +132 pips in profit. Price pulled back and formed another bearish engulfing as expected.
Trade closed manually:
Trade closed at break-even. +- 0 pips.

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