AUDNZD is in on a major resistance.
Momentum is very weak. We have deep PB on 4h and it cant make new high.
This is a correction!!!
It creat big shadows.
Plus we have divergence on RIS on Daily chart.
Everything is lined up.
We can short here for a nice 2:1 for a swing trade.
You can take this here with limit or you can wait for channel break on 4h and take this with conviction.
Entry: 1.06050-1.06250
Targets:
1) 1.0500
2)) 1.0400
SL: 1.06601
Momentum is very weak. We have deep PB on 4h and it cant make new high.
This is a correction!!!
It creat big shadows.
Plus we have divergence on RIS on Daily chart.
Everything is lined up.
We can short here for a nice 2:1 for a swing trade.
You can take this here with limit or you can wait for channel break on 4h and take this with conviction.
Entry: 1.06050-1.06250
Targets:
1) 1.0500
2)) 1.0400
SL: 1.06601
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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.