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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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.
Related publications
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.