MarlyForex
Short

AUDNZD -- SHORT [ SHORT TERM ] Will It Complete D Leg?

FX:AUDNZD   Australian Dollar / New Zealand Dollar
124 4 13
Feedback Appreciated, Many Thanks.
Comment: sell order still active on this pair
Trade closed: target reached
couple things wrong on this 1 your x to a is an invalid anchor leg if anything the anchor leg should start at march 8 low the second thing is a pattern isnt validated until completed so therefore you have jumped into a guessing trade instead of a hypothesis trade also never trade off C legs because more than half the time you will get stopped out check this out for reference
Reply
MarlyForex AngellD21
hmm, i see. what about if I'm using a smaller time frame would the anchor not be better placed at a more recent low?
+1 Reply
AngellD21 MarlyForex
It depends if its a deep enough retracement in this case it isn't
Reply
MarlyForex AngellD21
Thanks m8
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out