Fxprotrader

AUDNZD High Probability Sell Setup

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Price is testing a very strong resistance level. In RSI we see a bearish divergence showing that a possible reversal is about to happen. We can wait for a bearish harmonic pattern to form in a lower timeframe or a more aggressive approach would be to enter now the market with stoploss and profit targets as shown at the chart. If price reaches the first target we should move stoploss to breakeven at the rest of the positions.

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