Price has been trading and moving in an ascending channel so far, currently it's approaching an area of value + the upper dynamic trendline of the channel. If the structure hold, AUDNZD will be experiencing a move downward.
I'll be considering
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
I'll be considering
- A Risk entry type at the top of the bearish structure at an area of value.
- Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.