JLJ002500
Long

AUDNZD - Potential reversal and long entry set up

FX:AUDNZD   Australian Dollar / New Zealand Dollar
21 0 1
1W
snapshot
4H
snapshot


Bullish candle off strong resistance zone . HOWEVER, there is a high probably that AUDNZD             will retest that zone. This is a more aggressive entry point. Because of that, I plan on scaling in. I have a very small long position open and a larger limited order (but still only a partial position) placed at 1.0642. I'll pick my moments until i am fully in. Trade is invalidated with strong bearish price action at or below 1.05-1.04.

Trade closed manually: Closed all positions for a small gain.

I'm going to watch for a better long entry opportunity after a reversal, especially if it forms a double bottom. A close below 1.0526 invalidates a long entry (4H or 1D).

snapshot
Comment: Broke through support zone. Invalidates this trade set up.

KEEPING SCORE...This was a net neutral trade.
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