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thetradeWELL
Aug 2, 2022 3:45 AM

SHORT AUDNZD on Daily Chart Short

AUD/NZDOANDA

Description

Entered a short position on AUDNZD after eyeballing test, retest, and rejection of price around the 1.11750 area. Price is currently trading below the weekly pivot, however it has been ranging into this asymmetrical triangle pattern. The system I traditionally follow did not print an EWT (Entry-with-trigger), but I am getting some divergence along with CCI overbought action, though normally I would not trade off of either without confirmation.
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