AUD/NZD

[redsheetz]

AUD/NZD buy limit 1.0945 s/l= 143.70 t/p= 1.1072

[redsheetz]

.-*pending order*-.
AUD/NZD buy limit 1.0967 s/l 1.0960 t/p 1.1015

[redsheetz]

this look good for a buy right here , 1.0973
bounce off support

[redsheetz]

short @ 1.1086

[bigbull]

Entered the pair at 1.2272. Coming off a ladder bottom on the 3/1/24 and 5/1/24 tick. Forming a declining block near the support band of the base with volume(just a tad lower of the base to wipe some stops), showing clear support. I have a tight mental stop at $1.258 and a target of 1.2312(thereabout, depends on trend shifts), where selling volume began to escalate on the third breakaway.

[bigbull]

I will raise the stop accordingly.

[bigbull]

I'm still holding 20 of the 25 original lots.
Same thesis applies to the current trade. New alarm stop at $1.2254. At that level, I will be completely stopped out of my position.

[bigbull]

News: New Zelands inflation came out at 3.2%. Thats a Goldilocks scenario right there, a reason as to why have seen the NZD rally against a global currencies.

Got stopped out at 1.2254 as shown above.
Booboo of a trade.
Looking for a re-entry.

[bigbull]

Back in the same pair at 1.2233(25 lots).
Target: 1.2360
Alarm Stop: 1.2224
Moving fast.
Basic Explanation: Playing the bullish engulfing set up, on bounce to its breakaway pivot point.

[bigbull]

Woke up to see this trade closed.
Shortly after I opened my trade and wrote my message last night at 11:08 P.M EST, we saw the pair test that pivot point that I talked about below at 1.2260 at 12:08 A.M EST. I had my sell limit at that level(1.2260 as shown below) and took profits.

We saw that the breakaway pivot point(1.2262) was not reversed so we saw a draw back from that top.
Made 27 pips.

Originally Posted by bigbull

Back in the same pair at 1.2233(25 lots).
Target: 1.2360
Alarm Stop: 1.2224
Moving fast.
Basic Explanation: Playing the bullish engulfing set up, on bounce to its breakaway pivot point.