FX:AUDNZD   Australian Dollar / New Zealand Dollar
Always keep it simple when trading, do not over complicate a simple process. Price is in an established downtrend so lets go with the trend, as traders we an also identify a double zone which is a likely area for a test and bearish continuation. After a push phase an exhaustion phase will follow, lets wait to see the exhaustion phase is ready to begin then once we believe the exhaustion phase has completed we can look for an entry short.

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.