Potential trade set-up here to consider if we continue to see rejection from this broken trendline and a confirmation on the lower timeframes to enter a sell.
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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
Hi folks,
I've been watching this pair for some time now. Price has pushed up and made a nice double top with a bearish engulfing candle on the 4h chart alongside a bearish candle on the D1 chart as well. Which suggests a trend reversal. I have gone short on this pair and marked tp and sl for you as well.
Let me know your view as well.
Trade safe and good...
Possible AUDNZD shorting opportunity.
Broke diagonal channel and has come up to re-test previous support.
Using Fib levels as TP's
Any questions feel free to ask
Ben
#PipGainFx
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%
