TRADE OF THE WEEK | Classic Swing Trading💰

Hey traders,

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

🇦🇺🇳🇿AUDNZD 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.

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 💰

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Komen:

Check my new analysis on EURNZD: