I’m not setting a stop order at the break of this cont . flag, targetting to at leash the bottom of this expanding structure with more target to the downside that is still need to be seen on how the price behave and develop at that area.
One thing to take note is i just view this trade as a short term trade opportunity, so we must be more careful with this position, as I’m expecting a broad weakness across all AUD and NZD pairs to play out in the long term.
For now, let’s see how will this pair develop, good luck..
Here is the MOA FX , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
Price seems to be forming a more complex structure for now, so will wait for the picture to get clearer first before deciding to enter again..
BTW,I like your analysis too..