Fxprotrader

AUDNZD: Sell Setup At Valid Slope Upper Parallel

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Price has broken below it's previous uptrend and has pulled back at the upper parallel of a downsloping median line set. At that paralllel we may see a big rejection, a good tell to short this market. I expect price to rise a little from current level so i will place my sell order a little higher. When active i will update. Sl and tp as shown at the chart.
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