Another S3S trade (Nov19) – this time on AUDNZD

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I waited patiently for this trade to set up, by waiting for the 3pm candle to close as a bearish pinbar, and ideally to close right near it lows, and it did do that.  I entered shortly afterwards with a tight 35-pip stop and a 57-pip target.  This trade is also aligned with the STAM where NZD is very strong and AUD has been weakening a bit.  Importantly also, this trade is also in line with the bigger 4H trend.

Note the highlighted blue area marks a very strong demand/support area from the daily and 4H charts.

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One Response to Another S3S trade (Nov19) – this time on AUDNZD

  1. Pingback: 4/11 – Weekly FX Trading & Signs of Progress over last 3 years | Trick or Trade

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