AUDNZD Analysis 14July2023the price appears to be pressured by the trendline and there is no opportunity to create a new HH. with conditions like this, it is likely that the price will continue the bearish trend.
Audnzdtechnicalanalysis
AUDNZD Analysis 9July2023price is currently correcting at fibo extension 0.786. the possibility is forming a downtrend channel and price continues the bearish trend until SnD below which is also close to fibo 1.618.
AUDNZD FAKEY ON PREVIOUS CANDLEOn h1 tf, we see a fakeout on previous candlestick. We may want to focus on sell position. However, the candle develop a morning star pattern that we can see on h1 tf.
This may confirm a fakeout and the candle continue to bull.
