POTENTIAL SHORT TRADE SET UP FOR AUDNZD
Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price has reached the peak of a higher time frame (HTF) bearish continuation structure, forming a reversal head-and-shoulders (HS) pattern at the top. Following this, we are monitoring for a lower time frame (LTF) bearish impulse and continuation structure to identify an entry point for the trade.
Expectation: A downward move is expected, initially targeting the low of the right shoulder structure, followed by the lower boundary of the HTF bearish continuation structure.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Entry: The price has reached the peak of a higher time frame (HTF) bearish continuation structure, forming a reversal head-and-shoulders (HS) pattern at the top. Following this, we are monitoring for a lower time frame (LTF) bearish impulse and continuation structure to identify an entry point for the trade.
Expectation: A downward move is expected, initially targeting the low of the right shoulder structure, followed by the lower boundary of the HTF bearish continuation structure.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
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.
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.