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Corbeau_FX

AUDNZD REAL DEAL OR TRAP ? BEARISH REVERSAL

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Corbeau_FX  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Support and Resistance Supply and Demand Double Top or Bottom AUDNZD audnzdshort supplydemandanalytics institutional institutional_trading smartmoney institutionaltrader
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supportandresistance supplyanddemand doubletoporbottom audnzd audnzdshort supplydemandanalytics institutional institutional_trading smartmoney institutionaltrader
HI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A STRONG PUSH TO THE UPSIDE TO TAKE OUT THIS LIQUIDITY ZONE AND THEN A BEARISH IMPULSE TO THE DOWNSIDE. OR IT COULD JUST BREAK THE NECKLINE OF THE DOUBLE AND CREATE AN IMPULSIVE BEARISH WAVE
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