AUDNZD- SHORTS COULD UNFOLD
Daily Timeframe we can see price has fallen out of this ascending trendline after 3 touches and has now made a lower low. 50EMA acting as resistance today and we are also at a structure level which is more than likely to serve as resistance
4H Timeframe- we can see price confirmed this lower low and is now retracing, we have a retracement to the 50 OR 61.8 fib level and to confirm a lower high and an entry i am waiting on a 4H close for a confirmation candlestick, however price looks quite impulsive at the minute.
4H Timeframe- we can see price confirmed this lower low and is now retracing, we have a retracement to the 50 OR 61.8 fib level and to confirm a lower high and an entry i am waiting on a 4H close for a confirmation candlestick, however price looks quite impulsive at the minute.