Overall I do see audnzd selling off to at least the 1.0550 levels and then breaking down to 1.0500. I will be monitoring trade as it gets to those lows and take profits as the market moves.
What I would like for audnzd to do is for it to retrace a bit and then give off another bearish candle
As in my last published post, we had a sell from the tops. Now In this post we are looking for trend continuations or possible double tops drop. Market made a new low after hitting its tops so fibs are now in play for a trend sell. Waiting for market to hit the 61.8 or 78.6 levels for entries. Stay reserved. Stay hungry.
As we can see EurNzd has been rising up to significant levels and still hasn’t dropped but we can see that momentum is dying out and sellers are now coming into play with divergence on the Stochastic 5,3,3 . I would like to see Thisbe drop to the 1 hour 200 Ema . Keep an eye out and watch it play out. Keep stop losses close to the highs. News is right around the...
