Looking for the continuation of this down trend after a long daily retracement. Hidden bearish divergence on the 1H and 1D charts. Long term sell
Hope you all had an amazing holiday/rest :)
...Good luck
This pair is a bit of a mess.. we can see that price broke support and was pushed back up a little by the buyers.. the sellers forced price to break support so its safe to say we are setting up for a sell
I am waiting for confirmation before jumping in as price could float about before dropping
AUDNZD - SELL
SL - 1.07165
TP - 1.04209
Once support has been broken and there is confirmation then we will sell to the green area
As we can see from this chart price broken through once but quickly shot back up past support.. I am waiting for a clear signal before entry
Price previously broke through the support and is showing potential to re-test and continue moving bearish to our target at 1.07667. Stop loss is marked at red price level and entry at the grey price level.
Risk to reward 1:2
Equity risked 1% risk no more than 2%
Seasonally, NZD outperforms AUD from the beginning of September and sellers came right on queue
Continue to look for intraday sell setups targeting the blue zone.
Waiting for a breakout of this rising wedge after price broke from a larger pattern. Expecting this breakout to the downside to be a HTF pullback for further bulls.
