Good day, snipers. Here in the AUD/NZD, we are about to retest the minor resistance zone formed in lower and higher time frames. This zone was also considered as the 61.8 Fib level, where I expect movements to the downside. RSI also shows it is in overbought territory. I will be looking for a bearish confirmation before going short. If price makes a higher high, I am out of this trade, that's why stop loss is quite tight.
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Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below.