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kidagaka123
Mar 1, 2024 7:02 AM

AUDNZD Short idea - Diviregence 1H Time frame Short

Australian Dollar/New Zealand DollarFXCM

Description

After a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
Comments
asadmohammad019
draw a trendine too next time and wait for breakdown of trendline ,,its retest and breaking of last HL
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