AUDNZD Wait for correction to finished to sell
Updated
Hi traders:
I am eyeing AUDNZD for short opportunities.
On the higher time frame we have the double tops, price formed a channel structure and drop down.
Now I see a continuation correction being developed, and there is good short opportunities to the recent lows.
I see 2 possible scenarios, a) price correct itself up to the top of current structure and drop
or
b) price break out of the structure and I will look for smaller continuation correction on lower time frame for short.
Thank you
I am eyeing AUDNZD for short opportunities.
On the higher time frame we have the double tops, price formed a channel structure and drop down.
Now I see a continuation correction being developed, and there is good short opportunities to the recent lows.
I see 2 possible scenarios, a) price correct itself up to the top of current structure and drop
or
b) price break out of the structure and I will look for smaller continuation correction on lower time frame for short.
Thank you
Note
Note
Note
Look for completion of this structure
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