AUDNZD - Possible Short before upward move later this month
Updated
Mapped out possible move in previous post in link and now looking to enter a short scalp for PA to retest 4hr trend line in solid green ( better view in linked chart ).
EMA 200 and strong fib confluence @ ~ 1.087 level with upper bound 1.09 psych level not far away which is why I believe price will bounce in rectangle reversal area and possibly maintain price movement in smaller trend until it gets close to the upward TL in green from longer time frame.
R:R = 3:1
EMA 200 and strong fib confluence @ ~ 1.087 level with upper bound 1.09 psych level not far away which is why I believe price will bounce in rectangle reversal area and possibly maintain price movement in smaller trend until it gets close to the upward TL in green from longer time frame.
R:R = 3:1
Trade active
Good thing I'm at work and could not enter trade earlier - entered @ 1.09000 with SL 1.09015.Kind of hanging in no man's land with 1.09 psych resistance so more upwards movement possible
Note
Correction SL @ 1.0915Trade closed manually
TP @ 1.0815 - now looking for upward moves
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