AUDNZD Sep. Week 1 - Crab Pattern
Updated
Three things made me enter the trade.
1 and 4 hour RSI oversold.
Fib extension confirmed support.
Bullish crab pattern formation at fib extension.
Will probably keep SL wide, as average true range ( volatility ) for this pair is higher than I would like.
1 and 4 hour RSI oversold.
Fib extension confirmed support.
Bullish crab pattern formation at fib extension.
Will probably keep SL wide, as average true range ( volatility ) for this pair is higher than I would like.
Trade active
Entry: 1.08600 SL: 1.08444
TP 1.09149
Trade closed manually
Closed with a 140 pip gain
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