AUDNZD is in a downtrend with price breaking out of a corrective structure after bouncing the long term downtrend. A very simple sell setup in the direction of the trend.
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Price came close reaching the first target but it reversed and it's now testing the long term downtrend. Move your stoploss at breakeven to be safe, as if it breaks above the uptrend, structure changes and we look for buys
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Trade closed at breakeven. Price has broken above long term downtrend. I posted a new idea on this