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Savelifes
Jan 5, 2020 10:46 AM

AUDNZD trend analysis Short

Australian Dollar/New Zealand DollarFXCM

Description

On daily timeframe, we can see a support with two touchs, trend has down and now in congestion.

The congestion is triangle pattern

For more detail, zoom in 4h

Zoom in 1 hour, price has make lower high, break e leg trendline then make lower low, together indicate trend has change to down and trigger entry

Set target at bottom support, use 1h timeframe to trail stoploss.
Or for more secure, wait for price break below d point then entry
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