TradingView
botly
Mar 21, 2024 11:36 PM

audnzd short term sell Short

Australian Dollar/New Zealand DollarFXCM

Description

audnzd is stretching and expecting a liquidity run at the 1.0888 high.
From there a short term sell towards 1.08350 as 1st tp following to 1.07800
stop placement should be 20-25 pips off the run into liquidity
Ideally this setup should happen today

Order cancelled

Didn't get the run I was looking for today so it negates the setup. I'd wait for a meaningful sweep at the 1.09500 area for a higher prob bearish setup

Comment

1.09500 was the sweep area, possible scenarios,

Comments
TheFxAce
The potential risks you've outlined support a compelling case for a cautious approach.
More