Hello traders. On this 1H analysis of AUDNZD, we have an ascending channel setup with a possible double top forming within the sell zone identified. If this double top setup remains valid (or any other good indication of a rejection out of the sell zone), a good place where price may go next would be to the support level in the 1.07020 region.
Trade closed: target reached
Awesome setup! Entry is Key!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.