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AUDNZD POTENTIAL SHORT CONTINUATION OPPORTUNITY
Australian Dollar / New Zealand Dollar
Short
AUDNZD POTENTIAL SHORT CONTINUATION OPPORTUNITY
By DTreasureMarketHub
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Updated
Jul 18
1
5
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18
18
Jul 14
Hello Everyone!
How are you all?
AudNzd is a pair to watch this week, because it has shaped up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure.
3. The price has approached the value area.
Game Plan:
If the price closes below the rayline with a bearish, impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Jul 18
Comment
Getting ready: Signal candlestick formed on the Daily.
Chart Patterns
Multiple Time Frame Analysis
Trend Analysis
DTreasureMarketHub
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