shorted a nice 1234 2 day bull trap but it was not A trade so did not hit big.
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.
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.
D1 chart may explain my interest in 1.0634, an obvious 2008 low sharp spike.
So this is the…
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