AUDNZD VIP SHORT

AUDNZD SHORT
Why are we entering?
- We are expecting AUD weakness & NZD strength
- Price to reject our 4HR EMA & lower timeframe RISK trendline
- Price to reject our entry point or horizontal line

What are we waiting for to happen?
- Rejection of horizontal line (previous highs / structure level)
- Break of 4HR EMA & lower timeframe RISK trendline

Entry
SAFE Entry: Rejection of entry & break of L/F RISK trendline & 4HR EMA
Risk Entry 1: Early break of L/F RISK trendline or 4HR EMA

Once entered, where will our Stoploss be?
- Above the horizontal line & structure level (above 1.1155) 30 pips

Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - Previous structure level, 0.618 fibonacci level & WFB trendline : 1.0825 (300 pips)
- Final TP - Previous low : 1.625 (500pips)