AUDNZD broke support recently and is now forming a 1H bearish pennant. Wait for breakout (1H candle close below pennant) and SELL. For less risk you can wait for a retest of the pennant after the break. SL 1.0872 TP 1.0666
Use proper money management! Trade at your own risk!
Comment
⋅
Price broke up the pennant, now we wait for the next opportunity. As long as price is below previous support around 1.0856 on a daily close I am still bearish on this pair.
Comment
⋅
Price broke former pennant lower supportline. Sell at retest!