AUDNZD - Update on AUDNZD View

If the market presses higher i see 2 zones of interest. first would be a break above the dashed line for a long to ride the move up to the PRZ of the shark and then ofc the shark sell at the trendline. all limits are included in the chart

Trade active:

has been active for a while now, but i thought i at least confirm that. so far nothing more to say about that

Comment:

stops almost breakeven just below the lows of the retest of the consolidationzone

Comment:

currently looking for a hedge against my original position if we can confirm the 5m shark pattern breking below the dashed trendline and or the orange line. ofc id be happy if wed continue higher, but i at least wanna profit from a potential downward move if it happens. so far still waiting

Trade active:

Hedge active. target 1 is retest of A point of the shark. tg2 is 618 retracement of the up move

Comment:

stops on the hedge nearly breakeven above the swing at 0835

Comment:

hedge short: tg1 hit. stops full breakeven

Trade closed: target reached:

hedge short: tg2 hit
ideally we dont wanna see the stops of the long being taken out but instead i wanna see the market going higher from here on or at least soon. stops for the long currently sitting at 0795

Comment:

TG1 hit for original long stops below 0807 a bit above breakeven