AUDNZD - Head and Shoulders Pattern at Structure Level
Trading Confluence
Trade Forecast
We will consider going short if price break below the local structure level (Blue zone) and looking to enter the trade on a retest of the local structure level targeting 1.06528 level.
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- Price is at 4-Hours Structure Level
- Head and Shoulders Pattern indicate lack of buying pressure
- Minor Trendline is broken
- RSI Divergence
Trade Forecast
We will consider going short if price break below the local structure level (Blue zone) and looking to enter the trade on a retest of the local structure level targeting 1.06528 level.
Head Over to Trade Revenue Pro to Learn How to Trade Forex Profitable Way.