BoonHooi
Long

AUDNZD Completed a Bullish Deep Crab pattern

FX:AUDNZD   Australian Dollar / New Zealand Dollar
The H1 time frame chart is showing us a potential trade.
Price tested the PRZ and the H1 RSI is oversold and formed a bullish divergence

Trade active: TP1 Hit. Moved Sl to break even (Risk Free trade from this moment on)
Comment: From my understanding of Elliott Wave, we can predict the target of the 5th wave up to be around 1.1300

Trade closed: stop reached: Protective stop loss triggered. Out of the trade
Very good.Would you like to move stop to break even when you get 1:1 risk and reward ratio?
Reply
BoonHooi Dyrus_Liu
@395510528, Yes I did. moved the SL to break even when the price hits my TP1.
Agree.... another way is when you get a 1:1 risk reward
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