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Numanti-Investment-Partners
Apr 12, 2020 1:04 PM

A long trade we took on AUDUSD Long

Australian Dollar/U.S. DollarFXCM

Description

A trade we took based on the following idea:

  • Weekly BIAS: Long
  • Volatility Channel: Entry on dynamic support
  • Momentum Indicator: "Oversold" - Indicating a good retracement
  • Volatility pivots:Price just between them, in sync with the volatility channel


Target 1 - Volatility Channel
Target 2 - Daily Volatility Pivot
Stop loss - Below Daily Volatility Pivot , always enough to favor a R:R above 1.

You can check more about how we trade based on our system posted in our profile, "Gandulfas Trading System"
Comments
initialjie
buy now?
Numanti-Investment-Partners
@initialjie, so the way we trade is to wait how Monday price action develops to see where it wants to go. We don't typically open positions on Monday. So I would not say right now to either buy or sell. Patience pays off.
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