AUDNZD - SHORT - Potential Opportunity at 1.04627
Updated
60 min chart
Short
1.04627 has been a strong structure level in the long term.
Structure was broken, so this level may become new resistance.
Structure level is also .618 Fibonacci retracement of 1.0526 to 1.0363.
Opportunity to short at 1.04627.
Look for more signals.
Potential Targets:
Target 1 at .382 retracement of 1.0363 to 1.0462
Target 2 at Pivot Level S1
I'm looking to share my observations here and start documenting my progress as I continue on this journey.
Short
1.04627 has been a strong structure level in the long term.
Structure was broken, so this level may become new resistance.
Structure level is also .618 Fibonacci retracement of 1.0526 to 1.0363.
Opportunity to short at 1.04627.
Look for more signals.
Potential Targets:
Target 1 at .382 retracement of 1.0363 to 1.0462
Target 2 at Pivot Level S1
I'm looking to share my observations here and start documenting my progress as I continue on this journey.
Order cancelled
Price went straight through resistance. Although there were multiple signals in favor of the short, I wanted some more confirmation with the candles themselves.
As you can see, the confirmation was there not to do it.
Note
It's never a failure when we learn from it.It's a lesson.
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