Learn how I took my AUDNZD trade 100 pips profit still running
Forex Analysis for AUDNZD Weekly Chart
Looking at the weekly chart its clear from the circles on the chart that price has been showing respect to the bullish trendline. I have been watching this chart for some time now waiting for a buy signal. So on the weekly chart its shows that price was at a turning point so the next thing is to find an entry on the lower timeframe.
Daily Chart Analysis
On the daily chart you can see my bearish trendline which I used for my entry. I waited for a strong break of daily for one my entries. Trendline break is indicated by the arrow. See below:
Hourly Chart
Now this is where I took my entries. Although the market was making higher highs I still waited for more confirmation and You can see I used the engulfing candle shown in the circle to enter once it broke above I made the first entry and the other two entries were added above bullish candles after a pullback. Note this is just one way I do multiple entries. Entries are marked with green.See chart below:
I will move all stoplosses to profit then wait for more profit.
Comment, Upvote and Share let me hear what you guys think.
Hey man, good to see other traders blogging forex here. I look forward to reading some analysis trades from before the setup plays out.
Anyway, I like what you’re doing on your blog and have given you a follow. See you around!
😎.
Thanks bro I really appreciate it @forexbrokr really like your page. Very good idea I will post everything I was sick for this week so starting next week will be posting my ideas feel free to leave your take on them.
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