Continues winning streak Price Action system. Yesterday, Take Profit reached NZDUSD, but still write about it because it appeared to be an interesting signal.
AUDNZD
Amazing candle on a pair of Australian Dollar to New Zealand Dollar. Very large pin bar and explicit rejection of support. Of course, the candle is a bit too much to play it, but after a 50% correction position should pay. Stop Loss it will be around 90 pips and Take Profit 350 which gives a potential transaction 4:1.
If you are interested in Price Action Strategy description, you can read it here.
AUDUSD
On a pair yesterday opened a short position after ambiguous signal about which I wrote in yesterday’s review. However, Thursday’s candle does not have any doubt, a nice pin bar on the resistance and clear signal to play short.
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NZDUSD
At Kiwi long position came in the 11th session of to Take Profit. Opening signal is marked in green – it was a dislocation of the Inside Bar and candle pin bar. Failed to open the position immediately but only on the next candle and a downward correction.
Yesterday’s candle is a clear pin bar as in AUDNZD. By playing a pending order on 50% retracement of pin bar with the following parameters: 85 pips SL, 300 pips TP.
