Short trade taken on AUDNZD
Monthly: bearish
Weekly: triple top, range broken and now being retestedm pennant pattern
Path of least resistance:TL, 20EMA, key line, go against the trend
Confluences:
1. Bounce off a key area and bounce off a TL
2.0.5 fib
3. deceleration
4.Triangle/pennant
Weekly: triple top, range broken and now being retestedm pennant pattern
Path of least resistance:TL, 20EMA, key line, go against the trend
Confluences:
1. Bounce off a key area and bounce off a TL
2.0.5 fib
3. deceleration
4.Triangle/pennant
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