


trisperon
Looks like there is a ranging period on the europound.
Sell stop placing advised.
As expected, It took a couple of days to see audnzd resuming bearish correction. I'm still shorting the pair. Downside movement favored.
I'm entering a short trade.
Price might go lower and retest support line. I'm in.
Yesterday's move went against my expectations, however I think bulls found a quick technical scenario to enter the ring, at least for a couple of hours. Based on this channel, I still expect the pair to correct downward.
I'll be in, not the best R/R ratio, but it's worth a try.
If you are long, you can build to the position by placing an order right above current daily candle's high.
I'm placing my orders right below previous day's candle.
Congestion is reached. Corrective movement might be on its way.
If price breaks through resistance level, I'll enter.