AUDNZD - Clean Shorts ✨
Updated
AUDNZD recently broke out of a descending ABC correction (the bigger ABC pattern seen in the chart). We are now bullish but for a full reversal, we often see a double bottom/top before we see a trend reversal. We could be at the the start of the move that takes us down to the double bottom region.
On lower timeframe, we are in an ascending correction (marked in red). Will be looking to enter AUDNZD on the break of the ascending correction and take it down to the double bottom region.
Trade Idea:
- Watch for break of ascending correction
- Enter with stops above the higher
- Target the double bottom region 1.029 (380pips)
See below for our past VIP AUDNZD trade setups.
AUDNZD: First Entry (300pips)
AUDNZD: Second Entry (160pips)
Goodluck and as always, trade safe!
On lower timeframe, we are in an ascending correction (marked in red). Will be looking to enter AUDNZD on the break of the ascending correction and take it down to the double bottom region.
Trade Idea:
- Watch for break of ascending correction
- Enter with stops above the higher
- Target the double bottom region 1.029 (380pips)
See below for our past VIP AUDNZD trade setups.
AUDNZD: First Entry (300pips)
AUDNZD: Second Entry (160pips)
Goodluck and as always, trade safe!
Note
AUDNZD - Pattern has changed but we're still bearish. Looking for one more move up from AUDNZD before shorting
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.