AUDNZD is in on a major resistance.
Momentum is very weak. We have deep PB on 4h and it cant make new high.
This is a correction!!!
It creat big shadows.
Plus we have divergence on RIS on Daily chart.
Everything is lined up.
We can short here for a nice 2:1 for a swing trade.
You can take this here with limit or you can wait for channel break on 4h and take this with conviction.
Entry: 1.06050-1.06250
Targets:
1) 1.0500
2)) 1.0400
SL: 1.06601
Momentum is very weak. We have deep PB on 4h and it cant make new high.
This is a correction!!!
It creat big shadows.
Plus we have divergence on RIS on Daily chart.
Everything is lined up.
We can short here for a nice 2:1 for a swing trade.
You can take this here with limit or you can wait for channel break on 4h and take this with conviction.
Entry: 1.06050-1.06250
Targets:
1) 1.0500
2)) 1.0400
SL: 1.06601