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AUDNZD is sitting around a daily resistance in green so we will be looking for sell setups.
on M30: AUDNZD is forming a channel in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing (projection in purple)
Trigger => Waiting for that third swing (gray zone) to form then sell on its break downward.
Until the sell is activated, AUDNZD would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDNZD is sitting around a daily resistance in green so we will be looking for sell setups.
on M30: AUDNZD is forming a channel in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing (projection in purple)
Trigger => Waiting for that third swing (gray zone) to form then sell on its break downward.
Until the sell is activated, AUDNZD would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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Use Coupon: TV6 on www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal