( rd 1+21 , +27) ( rd 2 long week 15 entry week 17 tp: +145, +135, +35) week14 AUDNZD 2 day bull trap short not A trade though

Naked Chartist

shorted a nice 1234 2 day bull trap but it was not A trade so did not hit big.


D1 shows clear resistance acting as neckline as well. risk can be quantified.
week14 AUDNZD d1 iHS to form clear resistance 010414


With the backdrop of post AUD cash rate n RBA statement, I determined temporary AUD weakness and hence decided to go for audnzd short. It happened to have a nice 1234 pattern.

Initially queued pos at rs , it did not happen. Took advantage of orange box close and entered there.

week14 AUDNZD h1 1234 how i entered 010414

updated 2017 + 4 hours

Took profit for 27 pips.

Now monitoring to see if IHS h4 will materialize or not. A good guess may be Wed n thur AUD news. A potential 6 day bear trap will serve this right shoulder good chance of succeeding.

week14 AUDNZD h4 ihs potential rs 5 day bear trap 010414


D1 chart may explain my interest in 1.0634, an obvious 2008 low sharp spike.

So this is theā€¦

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