AUD-NZD
Weekly Structure - Downtrend
Daily Structure - Downtrend
After the price has hitted lows at 1.00000, we have seen past days some correction on the price. The price has now stucked on 1.02500 and could not close above this level. Ascending trendline has been broken and being tested twice on this level (1.02500). We may see price revere again and continue downtrend movement.
We have also downtrend on RSI indicating bearish movement.
TP1 - 1.01500
TP2 - 1.00000
SL - 1.02903
R/R - 5.4
Good Luck!!!
Daily Structure - Downtrend
After the price has hitted lows at 1.00000, we have seen past days some correction on the price. The price has now stucked on 1.02500 and could not close above this level. Ascending trendline has been broken and being tested twice on this level (1.02500). We may see price revere again and continue downtrend movement.
We have also downtrend on RSI indicating bearish movement.
TP1 - 1.01500
TP2 - 1.00000
SL - 1.02903
R/R - 5.4
Good Luck!!!
Note
Trade Closed - Stop Loss Hitted - 51 Pips LossNote
Stop Loss a bit short. Trade come back to profit. Next time will be better.
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