AUDNZD rejecting a strong supply zone
on DAILY: this pair is currently rejecting a strong resistance/supply area so we will be looking for objective sell setups on lower timeframes.
on H4: AUDNZD is trading inside our blue channel (not valid yet) so we are waiting for a new swing to form around our lower blue trendline to consider it objective and enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
on H4: AUDNZD is trading inside our blue channel (not valid yet) so we are waiting for a new swing to form around our lower blue trendline to consider it objective and enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
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