TRADE OF THE WEEK | Classic Swing Trading
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