FX:AUDNZD   Australian Dollar/New Zealand Dollar
4 months ago
We might have found a Bottom on AUDNZD             - the Reversals (BlueCandle) are more frequent also the Support Level is holding on leveling up :) overall this Setup on the Weekly is highly profitable giving us a nice equity risk over 4% - personally i don't like such high equityrisks i stay true to max 4%

TP1 area is the yearly Pivot point and Point of Control - a quite good spot to take off ~20-30% off the position
TP2 is our previous weekly Resistance point (red dotted line) so here also 20-30% off
Leaving us with 40-60% of our original position to take away 820.9pips profit!
Once TP1 area is reached move SL higher, once TP2 is reached TP1 is now the SL
4 months ago
Comment:
snapshot
- the GreenBox is the zone we try to get in position the lower the better | In a whole the Weekly Blue candle from 1.02676 - 1.05432 is the buy range for this setup
4 months ago
Comment:
snapshot
updated TP targets on this chart
4 months ago
Trade active: TP1 cleared. 85% of position is running
3 months ago
Trade closed manually
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