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TRADE OF THE WEEK | Classic Swing Trading๐Ÿ’ฐ

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Hey traders,

I want to share with you a trend following swing trade that we caught with my students this week:

๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡ฟAUDNZD is trading in a long-term bearish trend.
Breaking key daily structure support recently, we were looking for a short trade on its retest.

Approaching a broken structure the price formed a head and shoulders on 4H time frame.

AUDNZD: Do You See This Cute Pattern Forming ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡ฟ


After a neckline breakout, we opened a short position on its retest.
After 8 days of passive holding & waiting, the price reached our goal.

+125 pips of pure profit & great winner ๐Ÿ’ฐ

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Check my new analysis on EURNZD:
EURNZD: Ranging Market & Trading Plan ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡ณ๐Ÿ‡ฟ

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