#007 AUDNZD DCA Buy
As seen on the chart, I have placed 2 buy limits which I tried to spread them out as evenly as I could. I left the 3rd position wider, than the 2nd position because I think to myself, if price were to come down this far, and if it touches and rebound, I would have a higher chance of exiting for some profit on that position.
I picked the AUDNZD because price on the 4H, 1H and 15 Minutes are aligned with the 60SMA's direction, and based on the price alone, it is very strong.
If I could, I would rather enter on XAUUSD now, instead of AUDNZD, but due to margin issues, that's not possible, and AUDNZD is one of the pairs that is not clashing with my other open positions (correlation).
That's all for now, and I will update later when anything happens.
1945SGT 21112024
I picked the AUDNZD because price on the 4H, 1H and 15 Minutes are aligned with the 60SMA's direction, and based on the price alone, it is very strong.
If I could, I would rather enter on XAUUSD now, instead of AUDNZD, but due to margin issues, that's not possible, and AUDNZD is one of the pairs that is not clashing with my other open positions (correlation).
That's all for now, and I will update later when anything happens.
1945SGT 21112024
Note
I think I should focus on price action that respects the 60SMA on the 4H 1H and 15 Minutes Time Frame, and not trade reversals in ranges, or other things. Focus on trend trading. Like this AUDNZD trade, the trend is very strong and when it stops being strong, you know. And you could plan for an exit.
1956SGT 21112024
Trade closed manually
Bruh, I double updated thinking that I didn't have an entry.
1004SGT 22112024 EXITED for 20cents profit minus 1cent commission = 19cents profit
1005SGT 22112024
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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.