Get started
kidagaka123

AUDNZD Short idea - Diviregence 1H Time frame

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
kidagaka123  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Technical Indicators Trend Analysis Chart Patterns AUDNZD rsi_divergence rsidivergence Supply Zone resistence sellsignal sellzone sellsetup sellsignals
0
1
indicator trendanalysis chartpattern audnzd rsi_divergence rsidivergence supplyzone resistence sellsignal sellzone sellsetup sellsignals
After a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
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.