AUDNZD is approaching a structure level at 4H.
I've measured out a potential reversal-zone where we have a confluence of several fibonacci ratios up at structure, and as we can see the RSI is currently overbought. If we should press into that level, it would provide a nice shorting opportunity with a decent risk/reward. Not sure if I will be able to participate due to several meetings I have today, but good luck if you manage to catch this.
As always; Always conduct your OWN analysis before entering a trade.
I've measured out a potential reversal-zone where we have a confluence of several fibonacci ratios up at structure, and as we can see the RSI is currently overbought. If we should press into that level, it would provide a nice shorting opportunity with a decent risk/reward. Not sure if I will be able to participate due to several meetings I have today, but good luck if you manage to catch this.
As always; Always conduct your OWN analysis before entering a trade.