AUDNZD - Head and Shoulders Pattern at Structure Level

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trading Confluence
  • 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.

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