AUDNZD ascending wedge:
The following is the four hour chart of AUDNZD. It was in an ascending wedge for some tome and it was broken two days back. I was watching both four hour chart and hourly chart and when it was broken in hourly chart, it retraced back to the trend line. When it retraced back I immediately entered a short trade.
Check the following four hour chart.
AUDNZD four hour chart:
AUDNZD four hour chart
Check the following hourly chart also. When it retraced back to the trend line in the hourly chart I entered a short trade. Used a stop loss 5 pips above the trend line. The total stop loss is around 10 pips. Used a take profit of around 50 pips. It hit the take profit after around 6 hours. This is a 1:5 trade which worked very well.
AUDNZD hourly chart:
AUDNZD hourly chart
EURUSD Trend line break:
The following is the hourly chart of EURUSD and there is a trend line I draw which was broken by a strong bullish candlestick. When it was broken by it I immediately entered a long trade. I used a stoploss of around 5 pips below the last low point. Currently I am in a profit of around 30 pips. I left it as it is and I will close it once I get a good profit on it. Check the following hourly chart of EURUSD.
EURUSD hourly chart
USDCHF Trend line break:
The following is the hourly chart of USDCHF currency pair and there is a trend line for it which was broken by a strong bearish candlestick. When it was broken I immediately entered a short trade. I used a stop loss of around 5 pips above the last high point. Currently I am in a profit of around 25 pips. I left it as it is and I will clsoe it once I get a good profit on it. Check the following houlry chart of USDCHF.
USDCHF hourly chart
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