long term short bias on AUDNZD base on Higher timeframes
Updated
Market is forming an LH on Daily, Rejecting the 1.05452 area.
same goes to our reading structure timeframe, 4H, Firstly Market rejecting the PSY-Zone at the previous LH showing signs of sellers entering the market.
for confirmation we can see 1H is building up a sell setup. breakout of the trendline, next we are looking for break and retest of the support at the current price.
our entry will be base on 30 forming a LH since 30m Break of structure and we are on a downtrend, but as i go forward i will be watching the market movement for possible entry since it is a bit early.
This is my first Analysis posted here.
Hopefully it will be helpful.
same goes to our reading structure timeframe, 4H, Firstly Market rejecting the PSY-Zone at the previous LH showing signs of sellers entering the market.
for confirmation we can see 1H is building up a sell setup. breakout of the trendline, next we are looking for break and retest of the support at the current price.
our entry will be base on 30 forming a LH since 30m Break of structure and we are on a downtrend, but as i go forward i will be watching the market movement for possible entry since it is a bit early.
This is my first Analysis posted here.
Hopefully it will be helpful.
Note
30m: Market formed a bullish engulfing and a Doji. let's see if the buyers can push the price to the 01.0533 zone,Then we could look for our sell setup.
Note
Now we have the push of 30m to form a LH. Looking for a entry. will post a new idea on other Timeframes today.
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