AUDNZD WEEKLY SHORT SETUP 300-700PIP SWING TRADE IDEA
Looking at AUD/NZD just need a Daily/Weekly reversal pattern to form before going short. If a Counter-trend line does form on the 4hr or Daily I will use that to help with more precise entries.
-We had a Weekly Uptrend break. It has been retested the back end of the uptrend previously for a 365 pip drop. It has reached our point of interest once again in which we can look to go short again (If confirmations are met).
-Initial Targets (Previous Weekly Lows). 2nd Target (100 fib) 3rd and final target (-27. Extension)
-We had a Weekly Uptrend break. It has been retested the back end of the uptrend previously for a 365 pip drop. It has reached our point of interest once again in which we can look to go short again (If confirmations are met).
-Initial Targets (Previous Weekly Lows). 2nd Target (100 fib) 3rd and final target (-27. Extension)
Trade active:
Should be up 70+ pips move stops to b/e