Howdy Steemers,
Cton here, after the purchase at 1.038 is AUD/NZD practically shot straight up for 4 days. Never reaching my goal of 1.055 but the trailing stop took me out at 1.052 which made me happy that I didn't leave much on the table. None the less I entered right into a sell at 1.052 and since I have a bullish outlook on this pair my stop loss got triggered fairly high compared to the actual dip. It made a small profit but some was definitely left on the table. It closed at 1.0485 because of see sawing. The day low was somewhere in the 1.046 range and I believe still has some downside. I will watch for another bottom my guess is around 1.034, but as I am bullish on this pair I will keep close tabs on the 1.038 range see if it holds. I also have a buy set for 1.015 as I believe this is the bottom that will get tagged maybe, well hopefully, I don't see it being there long so I have that buy set up regardless of what it does in between because how mad would you be if you missed a quick bottom? (I don't want to have to repair my drywall). I will also be doing these trades on my $100 challenge as they are steady earners.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!