Clearly AUDNZD is in an extended uptrend long-term, in an ascending channel however I am looking to short this pair due to it respecting the downward CTL (Counter-Trendline)
However I will wait to see if this pair moves away or rejects the 61.8 fib level before shorting.
If price moves above and breaks the CTL I will wait for a retest, and continue in the upwards trend.
- Higher Timeframe Bias (1d, 4h)
- Price Action
- Down CTL
Any questions or want to discuss or support eachother? :) Message me!
However I will wait to see if this pair moves away or rejects the 61.8 fib level before shorting.
If price moves above and breaks the CTL I will wait for a retest, and continue in the upwards trend.
- Higher Timeframe Bias (1d, 4h)
- Price Action
- Down CTL
Any questions or want to discuss or support eachother? :) Message me!