Hello ladies & gentleman, I wanted to show my perspective on AUDNZD
With what price has showed us so far, I'm expecting price to continue with the bearish pressure.
As I showed you guys on the video, I'm waiting for price to just breakout, retest, and start to create bearish impulses. Target is small since I am expecting price too to give us a bigger continuation pattern to continue to go lower. In case such thing does not happen, then every structural level that price breaks down and retest, could be a pretty good opportunity to scale in.
The 2nd scenario that I illustrated on the charts could take a couple of more weeks, where we could be able to capitalize on small trades inside of the bigger correction, but for now, short is what I am going to be trading.
Expecting Stop losses of 10 to 15 pips as maximum, and looking for 1:3 Risk Reward Ratio!
Hope you liked the idea! Leave any comments!.
With what price has showed us so far, I'm expecting price to continue with the bearish pressure.
As I showed you guys on the video, I'm waiting for price to just breakout, retest, and start to create bearish impulses. Target is small since I am expecting price too to give us a bigger continuation pattern to continue to go lower. In case such thing does not happen, then every structural level that price breaks down and retest, could be a pretty good opportunity to scale in.
The 2nd scenario that I illustrated on the charts could take a couple of more weeks, where we could be able to capitalize on small trades inside of the bigger correction, but for now, short is what I am going to be trading.
Expecting Stop losses of 10 to 15 pips as maximum, and looking for 1:3 Risk Reward Ratio!
Hope you liked the idea! Leave any comments!.