aishjesrani
Long

AUDNZD Long position - Harmonic Pattern

FX:AUDNZD   Australian Dollar / New Zealand Dollar
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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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