AUDNZD POTENTIAL SHORT OPPORTUNITY
Hello Everyone!
How are you all?
AudNzd is a pair to watch this week, because it has shaped up very nicely for a bearish trend continuation that we can capitalize on. Although it did not commit last week. This is where patience comes in.
So, I am still looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure.
3. The price has approached the value area structurally.
Game Plan:
If the price makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
AudNzd is a pair to watch this week, because it has shaped up very nicely for a bearish trend continuation that we can capitalize on. Although it did not commit last week. This is where patience comes in.
So, I am still looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure.
3. The price has approached the value area structurally.
Game Plan:
If the price makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Transaction en cours
Will be looking to scale in.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.