AUDNZD - Trend-Following Setup ⬇️

2023年5月31日

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

AUDNZD is overall bearish trading inside the falling channel in red.

Moreover, the zone 1.08 is a resistance zone .

🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.

As per my trading style:
As AUDNZD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich