AUDUSD60 Flag Short

AUD/USDOANDA

Description

⋅ Apr 4, 2017 6:30 PM

Price has broken the 200EMA, retraced and continued to be bearish. A short flag has set up and we are now awaiting breakout. Very nice potential Risk/Reward.

Shown to me by @wstipp18

Comment

⋅ Apr 5, 2017 10:26 AM

Updated flag to follow retracement more correctly. New RR 3.25

Trade active

⋅ Apr 5, 2017 5:04 PM

Entered the trade

Trade closed: target reached

⋅ Apr 7, 2017 10:12 AM

Closed the trade now ahead of NFP, nice 2.1% gain on that trade (1% risk)