TRADE, AUDJPY, 19.1.2017

TRADE SUMMARY: I have been waiting for this trade since 16.12.2016. D1 came into a ZONE OF LOVE (87 – 86). Zone which formed flips many times in the past and was strongly rejected. Since we know what happens with zones that has been tested many times before (they got violated), I knew that this should be rather MOVE2MOVE type of play. It was not obvious straight away but I have realized that pretty quickly. I have entered on LIMIT while on my Thailand vacation. I was able to watch the position only from my mobile. Market made it super easy for me this time. No headache. Just straight line towards the target with just one short stop.

Pattern

  • SDZP (without H1 confirmation)

Good:

  • Followed the plan

Bad:

  • None

To Improve:

  • RR could have been higher, and was not adjusted

Result:

+1.4R

SCREENS:

D1

H1

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