📉 AUD/NZD – 8H Bearish Outlook with 4D Confluence
Price action has completed a clean 5-wave Elliott structure, with the final leg (Wave 5) concluding at a key weekly 71% Fibonacci retracement level — now acting as strong supply.
🔹 Liquidity Grab Complete:
All buy-side liquidity above swing highs appears to have been swept, leaving price vulnerable to a deeper correction.
🔹 Break in Structure (ChoCH):
A clear Change of Character (ChoCH) confirms bearish intent, and price is now showing signs of lower high formation beneath internal supply zones.
🔹 Sell Opportunity:
The market is likely targeting Sell-Side Liquidity (SSL) resting beneath recent lows.
Short-term rallies into minor supply may offer low-risk entries.
🎯 Final downside target: 0.78286, aligned with major structural lows.
With fib rejection, Elliott wave exhaustion, and liquidity mechanics aligning — this setup offers a high-probability short scenario for experienced traders.
Price action has completed a clean 5-wave Elliott structure, with the final leg (Wave 5) concluding at a key weekly 71% Fibonacci retracement level — now acting as strong supply.
🔹 Liquidity Grab Complete:
All buy-side liquidity above swing highs appears to have been swept, leaving price vulnerable to a deeper correction.
🔹 Break in Structure (ChoCH):
A clear Change of Character (ChoCH) confirms bearish intent, and price is now showing signs of lower high formation beneath internal supply zones.
🔹 Sell Opportunity:
The market is likely targeting Sell-Side Liquidity (SSL) resting beneath recent lows.
Short-term rallies into minor supply may offer low-risk entries.
🎯 Final downside target: 0.78286, aligned with major structural lows.
With fib rejection, Elliott wave exhaustion, and liquidity mechanics aligning — this setup offers a high-probability short scenario for experienced traders.
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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.
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.