AUD/NZD – Long Trade closed +100 pips

Here is the trade recap:

In about 2 days we took profit of +100 PIPS by using a Sell Limit order.

Earlier, a “morning star” type formation was carved out under the horizontal line. The initial Stop Loss was at about that low. When the Asian Session was starting, the price experienced brief selling. Once priced moved higher, the Stop Loss was raised to just below that candle low (red arrow).

The Take Profit was set around the previous swing high which was also at a down trending line, and it was filled this morning.

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