AUDNZD SHORT TRADE IDEA
AUDNZD has traded into a 1D order block that broke structure bearishly and left imbalance. price has also taken out early sellers(equal highs/resistance zone) .
The 50% of the order block will be an aggressive entry with stop loss above the order block.
Target will be the equal lows and trendline liquidity.
Confirmation entry will be on the lower time frame after price has completed a distribution phase.
The 50% of the order block will be an aggressive entry with stop loss above the order block.
Target will be the equal lows and trendline liquidity.
Confirmation entry will be on the lower time frame after price has completed a distribution phase.
Note
Aggressive entry triggered.Price is showing signs of distribution( manipulation of highs) on the lower timeframe, waiting for a bearish break of structure for confirmation entry trade
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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.