Parallel descending channel. Tensions between Australia and China over the coronavirus will affect AUD badly since Australia heavily relies on China for its own economy. Confluence is seen across all AUD pairs. TP to the historical low.
Comment
Weekly showing channel and beautiful candlestick to signal short:
snapshot
Monthly showing S/R level:
snapshot
Strong candles on 4H:
snapshot
Trade active
Sell stop from a few days ago is now active
Trade closed: stop reached
-1%.
snapshot
AUDNZDaudnzdshortCoronavirus (COVID-19)Supply and DemandTrend AnalysisTrend Lines

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