MarlyForex
Short

AUDNZD - SHORT FAVOURED ( SHOULD BE LESS VOLATILE THAN MAJORS )

FX:AUDNZD   Australian Dollar / New Zealand Dollar
58 0 6
Short & Simple : Description: FX:AUDNZD            
Decision : Shorts Favoured!!
However if we fail to break M Supp @ 1.04000 we could look towards Longs on the break above the key level ( STRUCTURE SUPPORT )
This would likely form a Inverted H&S in that instance id long up into M Res 1.073000 the to the neckline of the H&S (200 EMA ) 1.12000

Trade Setup: SHORT
ENTRY: 1.03900
STOP : 1.04800
TP 1 : 1.01600
TP 2 : 1.00500

Trade Setup : LONG
Entry: 1.05600
Stop: 1.04000
TP 1 : 1.07300
TP 2 : 1.12000
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