PriceActionTrading
Short

AUDNZD PART OF A BIGGER TREND

FX:AUDNZD   Australian Dollar/New Zealand Dollar
167 7 11
UPDATE.
price closed below both support lines as mentioned and below 1.0800 consistently H4.
snapshot
CHART IS THERE.
ENOUGH SAID.
I WOULD BE LOOKING FOR SELL UPON BREAK OF H4 TRENDLINE

COINCIDENCE? NO.

H4
snapshot

H1 TREND LINES REQUIRED TO BE BROKEN FIRST
snapshot
Price is currently around the weekly down trend line too.
+1 Reply
Nice observation. I wasnt looking that far :) but glad i did now. Looks like a trade that cannot go wrong eh? breaking so much confluence?
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IvanLabrie PRO PriceActionTrading
Not sure about long term here, but it should correct soon.
I'd feel safer going long after the correction's over, but we'll see.
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Yes. Whether break or bounce. This spot deserves our full attention.
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Appreciate a thumbs up and comments if you traders have benefited from my ideas. It helps.
Reply
Possible shorting scenario.
Requires inside bar fakey h4.
H4
snapshot
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