AUDNZD - Shorting a shark at top of daily range
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Time for the markets to move more swiftly now.
I am looking at AUDNZD for next week.
I see a bearish shark completing at the top of a daily range around 1.0750 - 1.0760.
I will be monitoring for divergence and RSI overbought condition around that zone before I go short.
Ideally, price should reject that zone, come down and retest it one last time before dropping.
The levels are on the chart.
EP: 1.0750
SL: 1.0820 (70)
TP: 1.0370 (380)
My advice is not to use a pending order, will keep you guys updated!
Time for the markets to move more swiftly now.
I am looking at AUDNZD for next week.
I see a bearish shark completing at the top of a daily range around 1.0750 - 1.0760.
I will be monitoring for divergence and RSI overbought condition around that zone before I go short.
Ideally, price should reject that zone, come down and retest it one last time before dropping.
The levels are on the chart.
EP: 1.0750
SL: 1.0820 (70)
TP: 1.0370 (380)
My advice is not to use a pending order, will keep you guys updated!
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