Short & Simple : Description:
AUDNZD
Decision : Shorts Favoured!!
However if we fail to break M Supp @ 1.04000 we could look towards Longs on the break above the key level (STRUCTURE SUPPORT)
This would likely form a Inverted H&S in that instance id long up into M Res 1.073000 the to the neckline of the H&S (200 EMA) 1.12000
Trade Setup: SHORT
ENTRY: 1.03900
STOP : 1.04800
TP 1 : 1.01600
TP 2 : 1.00500
Trade Setup : LONG
Entry: 1.05600
Stop: 1.04000
TP 1 : 1.07300
TP 2 : 1.12000
AUDNZD
Decision : Shorts Favoured!!
However if we fail to break M Supp @ 1.04000 we could look towards Longs on the break above the key level (STRUCTURE SUPPORT)
This would likely form a Inverted H&S in that instance id long up into M Res 1.073000 the to the neckline of the H&S (200 EMA) 1.12000
Trade Setup: SHORT
ENTRY: 1.03900
STOP : 1.04800
TP 1 : 1.01600
TP 2 : 1.00500
Trade Setup : LONG
Entry: 1.05600
Stop: 1.04000
TP 1 : 1.07300
TP 2 : 1.12000