Hello Everyone!
How are you all?
AudNzd is a pair to watch this week, because it has shaped up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure.
3. The price has approached the value area.
Game Plan:
If the price closes below the rayline with a bearish, impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
AudNzd is a pair to watch this week, because it has shaped up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure.
3. The price has approached the value area.
Game Plan:
If the price closes below the rayline with a bearish, impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Note
Getting ready: Signal candlestick formed on the Daily.
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.