AUDNZD for a possible massive drop
As we can clearly see, price is in a bearish phase. It first gave us a reaction of a higher timeframe demand which eventually failed. Price then retraced back up, forming liquidity just below our 1h POI that was left behind when price rallied. This has now provided us an opportunity to catch the rest of the move to the downside through a flip entry that has been established.
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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.