Stardust Edge Trade September 20, 2023 Morning Australian Dollar New Zealand Dollar

"Stardust Edge Trade"

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This week the forex market, including USD/JPY, hasn’t moved much, so there wasn’t an atmosphere to actively trade. I was more looking at charts across different currency pairs and timeframes, wondering “is there anything?”

Among that, I noticed some waves in AUDNZD (New Zealand Dollar) and decided to take a look at the chart.

AUDNZD 1-hour chart

First is the initial uptrend signal. This is from last week's price action, and I think trades could be made in line with the trend signal. However, since the oscillator already showed a “high” shape, I proceeded with caution.

In such cases, it is safer to adjust the TP setting a bit lower in line with the method. Still, I was able to secure profit.

Recently, a downtrend signal has appeared, but for now I set the TP/SL range according to the initial method and completed the trade.

The actual entry timing would be slightly later since the trade trigger occurred in the middle of the night.

Moreover, a recent combination of the trend signal and the oscillator produced a good selling point. Since this is in the middle of the night in Japan time, live trading may be difficult, but the chart pattern represents a textbook-like trade, I believe.

"Stardust Edge Trade"

↓ Product page is here

https://www.gogojungle.co.jp/tools/ebooks/45723