AUDNZD closed the month with an ugly bearish pinbar, well below the previous candles body after taking out previous months stops and also rejected hard by the 50EMA. Leaning bearish on this one to take out the clean lows at ~1.06587.
PLAN OF ACTION : Enter short on a pullback at the weekly low of ~1.09 if given the chance, use the weekly/daily open strategy and possibly on the breakdown of the daily block that price is hovering at the moment. Target would be the clean lows at ~1.06587. Invalidation of the trade idea is if price goes back above ~1.09 and find support like a daily open and close. Good Luck
PLAN OF ACTION : Enter short on a pullback at the weekly low of ~1.09 if given the chance, use the weekly/daily open strategy and possibly on the breakdown of the daily block that price is hovering at the moment. Target would be the clean lows at ~1.06587. Invalidation of the trade idea is if price goes back above ~1.09 and find support like a daily open and close. Good Luck
Commentaire:
careful with this one, want to see it get back below