girolamoaloe
Short

AUDNZD - Ready to Sell in the thin Supply Level for a Swing

FX:AUDNZD   Australian Dollar / New Zealand Dollar
The price took out the lower supply level visible on weekly chart. Now, focusing on the Price Action I am going to sell on the head of the previous swing. My order is on a Supply Level visible on daily and 4h charts.

A price action pattern, like a Bearish Triangle, generally show 3 swings before to break down. The trading experience reveal also that generally any new swing in the pattern starts just under the head of the previous one.

Then, considering the supply, the bearish behavior on monthly chart, the potential pattern, I can look for a sell order.

On chart my trading plan with arrows to mark potential entry points.

What do you think?

Thank you

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