Cenotaph

AUDNZD Short from double top

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Bulls seem to be exhausted, it hit the channel top twice, which usually means a move down is to be expected. The likely place is a retracement around 0.618 Fib level. If the market makes a lower low. There's a solid trade here for 1:2.2 RR ratio.

Comments or ideas, please post them :)

Thanks for reading!
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.