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Audnzdshort

AUDNZD ShortAUDNZD is currently ranging in the monthly chart, the trend is down so with this we are trading with the trend, we see that price is nearing monthly market structure and is due a retracement down, we are looking for price to attempt a BOS to then trade a sell in this market. NZD had good fundamental news the other day so we would expect this strength to continue, meanwhile AUD on the weekly momentum meter need to retrace, we've hit a many year high on the weekly momentum meter. We'll be looking for a daily or weekly candlestick to end bearish before looking to take this trade. R:R = 1:14 GL.
Short
by Life_In_Forex
AUD/NZD This trade could be a win of over 250 pips To know the direction of the market is really important to do a multi-time frame analysis. In Monthly The price is currently over extended and has reached a important resistance. Definitely we could expect the price to retest the monthly trend line Weekly We have a price that is over extended. When price is over extended we can expect a correction. Also, price has created a double top. Daily Price is currently creating higher high and higher lows. The price is currently in and uptrend and has created a trend line. After price break trend line to the downside we can start looking for an entry. Remember to have a good entry with a good RRR we have to look for an entry in a lower time frame.
Short
by Wiiso
2