AUDNZD (SHORT) ON THE HOURLY
ON THE 1 HOUR CHART WE HAD A COMMON CHART PATTERN THAT HAD FORMED (ASCENDING CHANNEL) AND AS IT BROKE OUT IT PULLBACKED IN THE FORM ANOTHER ASCENDING CHANNEL ALLOWING US TO GO SHORT AGAIN ON THE PULLBACK . IT HAD BROKEN OUT THE TRENDLINE ON THE HOURLY WITH A STRONG BEARISH ENGULFING CANDLESTICK , WILL WAIT FOR A PULLBACK INTO THE CHANNEL UNTIL I CAN GO SHORT ON THE PAIR , MY TAKE PROFIT AREA WOULD BE PLACED AT THE BEGINNING OF THE FIRST ASCENDING CHANNEL
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