AUDNZD - time to short?
Mis à jour
Personally, this pair is really slow to reach your target. However, the pattern is quite clear with the monthly resistance zone there combing with daily chart's pattern - one of that I like the most: Retested at 1.1160 area but failed to break up. The role reversal zone which is between [1.107 - 1.104] has been broken down nicely, which leads to the remaining question of how it functions in this week.
Here is how I will find my setup: If price is really weak, it will not retest on the role reversal zone and drop again. If price is going back to the role reversal zone, it is possibly telling us that it is going to be in a correction zone between [1.116 - 1.090]
Here is how I will find my setup: If price is really weak, it will not retest on the role reversal zone and drop again. If price is going back to the role reversal zone, it is possibly telling us that it is going to be in a correction zone between [1.116 - 1.090]
Commentaire
Noticed that in H1, 3LH+LL has risen. Suspecting a good chance to short on this pair from 1.1020
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