Snehath

How an equidistant channel will make AUDNZD drop again

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD created a double bottom around 1.0375. The trend looks like it is changing, but I am expecting a reaction around 1.0515.

The channel is really a good indicator and there is also a shark pattern to short this.

Will wait for a trigger to get into this trade. Targeting around 90 pips on this trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.