AUDNZD Long position - Harmonic Pattern
Advice:
1) Trade at your own risk
2) IMP: Do not rush or jump into the trade take your time and analyze.
3) Manage your risk properly, divide your lots into three with the idea of taking profit thrice.
4) That way even if we don't reach our target we will be able to secure some profit on the way.
5) Consider moving your sell loss at breakeven after 25+ pips in profit.
6) Don't risk more than 4% of your account in this or any trade.
Analysis and justification:
- Harmonic Pattern (BUTTERFLY)
- You can enter the position right away
- Low risk position
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1) Trade at your own risk
2) IMP: Do not rush or jump into the trade take your time and analyze.
3) Manage your risk properly, divide your lots into three with the idea of taking profit thrice.
4) That way even if we don't reach our target we will be able to secure some profit on the way.
5) Consider moving your sell loss at breakeven after 25+ pips in profit.
6) Don't risk more than 4% of your account in this or any trade.
Analysis and justification:
- Harmonic Pattern (BUTTERFLY)
- You can enter the position right away
- Low risk position
Like if you found the post helpful.
Comment if you would like to add something.
Follow me to keep yourself updated with my latest analysis :)
Comment:
Close TP1 and TP2. And bring SL to breakeven. Hopefully TP3 will reach out target if not its a risk-free trade in any case now. Enjoy your profits :)
Trade closed: target reached