AUDNZD, 2hr tf, sell on retest of resistance with ichimoku
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Hello my friends,
Today i got a nice setup on AUDNZD pairs.
Well this pair is a bit slow to trade but since it come to my screener so i will take it. Before i start explaining this trade setup, please hit the like button for this post and follow me for my latest updates.
I use the 2hr chart to analyze this pair. As you can see this pair is below the red colored cloud so we could say this pair is bearish at the moment.
This pair go currently retesting horizontal resistance where it acted as support before. Parabolic SAR also above the price indicating selling pressure on this pair.
Sell AUDNZD 1.0825 Stop loss 1.0870 Take profit 1 @1.0780 Take profit 2 @1.0735 Take profit 3 @1.0690