Hi traders:
Here on AUDNZD, we have a completion of a deeper correction.
Price initially broke out of the channel from the double tops from higher time frame, and had a strong bearish move to the downside.
That kind of bearish momentum do need a more complex correction to form and complete before more short opportunities can be taken.
I see a smaller correction currently forming, and I will wait to see a breakout and add in the trade.
Thank you
Here on AUDNZD, we have a completion of a deeper correction.
Price initially broke out of the channel from the double tops from higher time frame, and had a strong bearish move to the downside.
That kind of bearish momentum do need a more complex correction to form and complete before more short opportunities can be taken.
I see a smaller correction currently forming, and I will wait to see a breakout and add in the trade.
Thank you
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Note
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Related publications
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.