AUDNZD....Waiting for the breakout

AUDNZD has formed a very nice rising wedge pattern that we are watching closely for a breakout. We placed our sell limit order as following:

Entry: 1.05841
SL: 1.06117
TP: 1.04689

The first support is near 1.05345, a break of this support will drive the pair to our TP.

Trade Safely!
TheForexFarmers
-John

تم فتح الصفقة:

We have been holding this position for some time now, and as we can see; the price broke the rising wedge. More downside movements are anticipated.

Trade Safely!
TheForexFarmers
-Alex

أغلقت الصفقة: تم الوصول لوقف الخسارة:

SL was hit, and the trade is now closed. Will look for entry this coming week.

Trade Safely!
TheForexFarmers
-Alex