As you can see AUDNZD is on a very nice downtrend on the 4h tf, with clear pullbacks. The goal is to enter on a pull back with a sell order.
We need 2 confirmations to make this a valid trade.
1. 4h candle must close below the price of 1.04448
2. A bearish engulfing candle representing a clear rejection at that price level.
SL is to be set a little above the current resistance line and TP at your own discretion as this trade can be of long term hold.
We need 2 confirmations to make this a valid trade.
1. 4h candle must close below the price of 1.04448
2. A bearish engulfing candle representing a clear rejection at that price level.
SL is to be set a little above the current resistance line and TP at your own discretion as this trade can be of long term hold.