short idea on aud nzd ...we see a double top in 1h chart...in an old supply zone we see rsi divergence as well....all we need to wait is for a break of the trendline to enter this short trade.. or you are are a risky guy and wanna jump in right now ....but remember patience is the key
looking for a short entry at supply and ressistance zone ....should be a strong supply zone .. rsi also shows a lack in momentum
these are our 3 possible "short zones"... at No.1 price touched and reversed from the zone...means some "old" bear orders were filled here ... question is : are there enough open orders to push price down again or will we see a raise to point 2 or 3 ? we also could see a forming tripple top here.. waiting for some PA and lurge like a leopard
after price formed a "dirty"tripple top it was able to break the upward trendline ..a nice short trade ;-) the idea is to short this pair again at the "zone" ..also 61% retracement of the last downward move and ressistance from the falling new trendline..