MarlyForex
Short

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

FX:AUDNZD   Australian Dollar/New Zealand Dollar
123 4 13
a year ago
Feedback Appreciated, Many Thanks.
a year ago
Comment: sell order still active on this pair
a year ago
Trade closed: target reached

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AngellD21
a year ago
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
snapshot
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MarlyForex AngellD21
a year ago
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?
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AngellD21 MarlyForex
a year ago
It depends if its a deep enough retracement in this case it isn't
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MarlyForex AngellD21
a year ago
Thanks m8
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