Audnzdshort
AUDNZD SHORT FOR 61 PIPSHi folks,
I've been watching this pair for some time now. Price has pushed up and made a nice double top with a bearish engulfing candle on the 4h chart alongside a bearish candle on the D1 chart as well. Which suggests a trend reversal. I have gone short on this pair and marked tp and sl for you as well.
Let me know your view as well.
Trade safe and good luck.
Cheers
B Khan
New week first plan: AUDNZDMarket closed with hammer daily candle. it means price wants to test 1.082 again. if we see weakness in that level again, we can open short posision with thigt stoploss and good profit. I personaly put buy stop order in 1.085. because if it breaks the green line, trendline will break too and its start of upward trend.
Feel free to ask questions
Thank you for reading and leave your comments if you like.
AUDNZD shortSince price has arrived at upper trendline we have seen rejection via a break of minor trendline on the hourly and 3 consecutive bearish candles. We will be targetting bottom trendline to complete the pattern. 4 hour RSI and MACD are also showing bearish divergence suggesting we will see downside momentum.
AUDNZD Analysis: Price at the trendlineThe price has been following both an ascending channel and a falling trendline.
It has previously respected the trendline for four times and has come to test it for the fifth time.
If it bounces off then it will be a good sell opportunity.
Breaking of the trendline will invalidate this idea.
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