AUDNZD long
potential entries:
1. test of .382 retracement / previous high support confluence
2. price remains in corrective pennant, enter at base of penant; or
3. enter on breach of pennant, break of long term support trend line
potential entries:
1. test of .382 retracement / previous high support confluence
2. price remains in corrective pennant, enter at base of penant; or
3. enter on breach of pennant, break of long term support trend line
Komentarz:
still looks corrective according to plan, first long entry at 1.0883
Komentarz:
dropped into the buy zone, loaded up on longs
Komentarz:
wait for test of upsloping trendline support, if support holds then load up on more longs, else overhedge short
Komentarz:
Upwards trendline support looks to be holding, wait until next NY session to assess price action in order to add longs / overhedge short.
Komentarz:
Price looks to have turned around at support according to plan. Holding longs, will add more longs if price breaks prior support / turned resistance at 1.09.
Komentarz:
We broke through resistance, im convinced we heading back up to that major trendline support now - added more longs.
Komentarz:
still long, price still looks corrective, need price to break this corrective pennant. If it breaks below most recent low at 1.0720 I'll overhedge with short position - especially if impulsive down move.