AUDNZD, daily chart, double top pattern in play
Based on the daily chart we could clearly see AUDNZD has a double top pattern and price already broken through the support.
Price broke through the support since June 10th and then consolidating around it for 3 weeks. The last 2 day candle indicates selling pressure by the form of candles which looks like bearish pinbar / shooting star candle.
Also keep in mind AUD now in pressure because they gonna start with another lockdown which will give pressure to their currency.
Sell AUDNZD 1.0620
Stop loss 1.0680
Take profit 1 @1.0560
Take profit 2 @1.0500
good luck
Price broke through the support since June 10th and then consolidating around it for 3 weeks. The last 2 day candle indicates selling pressure by the form of candles which looks like bearish pinbar / shooting star candle.
Also keep in mind AUD now in pressure because they gonna start with another lockdown which will give pressure to their currency.
Sell AUDNZD 1.0620
Stop loss 1.0680
Take profit 1 @1.0560
Take profit 2 @1.0500
good luck
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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.
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.