AUDNZD trend continuation trade. The AUDNZD has been making lower lows and in a downtrend for the past 3 months. The most recent breakout to the downside and now retest makes for a good entry. After 1R is hit (candle closes below line), move stop loss to break even. If 2R is hit, move SL to 1R and so on. If the first stop loss line is broken by a candle then close trade. Risking 2% of the account per each trade. Make it happen, never quit.
MR
Trade active
Trade closed: stop reached
Closed on 2.12.20 in the afternoon. 1 R Reward!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.