Last week's sell trades on AUDNZD were highly successful, with price nearing the final take-profit target. As price approaches this key buy zone, I anticipate a potential small rise before selling off from the nearest supply zone down to the demand zone. From there, I will look for structure development / flip and wait for if price gives me a reason to enter the buy position.
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Target reached for sells, now looking for 15 and it seems that structure flipped.
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This.
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Active position.
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