$AUDNZD
TARGET
Has been in a an uptrend since March 19th but has been going parabolic since April 6th and has broken that H1 parabolic trendline.
Bearish engulfing candle on the daily.
RSI and Stoch over extended on the daily as well.
I see a pullback to the .236% Fib if more rejection to the downside. That area lines up with the daily 200EMA. If selling pressure continues my next stops are H4 trendline and possibly to the .50% Fib.
RR about 1to1-1.3 for now.
Link to Telegram channel in bio
TARGET
Has been in a an uptrend since March 19th but has been going parabolic since April 6th and has broken that H1 parabolic trendline.
Bearish engulfing candle on the daily.
RSI and Stoch over extended on the daily as well.
I see a pullback to the .236% Fib if more rejection to the downside. That area lines up with the daily 200EMA. If selling pressure continues my next stops are H4 trendline and possibly to the .50% Fib.
RR about 1to1-1.3 for now.
Link to Telegram channel in bio