1:3 Risk to reward on AUDNZD Sell
Here is why we are selling.
Trend:
W1: Down
D1: Down
H4: Up but it is overbought
Moving Average:
Within Daily MA
H4 pointing upwards
Pattern:
Bat on M30
Strong resistance at 1.0705
35 pip stop loss.
100 pip target
Lot of divergence on M15
Trend:
W1: Down
D1: Down
H4: Up but it is overbought
Moving Average:
Within Daily MA
H4 pointing upwards
Pattern:
Bat on M30
Strong resistance at 1.0705
35 pip stop loss.
100 pip target
Lot of divergence on M15
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