AUD/NZD: Wall Street Multiple Timeframe Analysis

AUD/NZD: Wall Street Multiple Timeframe Analysis

Weekly | Daily | 4 Hour

✅ Weekly: Strong resistance level + Morning Star, which indicates strong bearish pressure from long-term position traders.

✅ Daily: Double-top, last higher-low broken + daily close below inner trendline.

✅ High Volume with POC above current price levels, inner upward trendline break, first LL outside of structure. Close near weekly + daily lows on Friday.

👉 Conclusion: Bearish Setup for the WSI Watchlist. We have to check price action at the beginning of the week to find a potenzial short entry.

👉 Precise Trades (Entry, 1 SL, 1 TP) in the WSI VIP Package. Mentoring inclusiv. Contact us @TeamWSIMeikel with any questions.

Best
Meikel & Team WSI