Potential Downward Movement|AUDNZD Short
Hi traders,
After price retraced to the daily support on 2nd April, we anticipated that price would reject that level and form a higher high on the daily. However, price struggled to do so. Now, today's daily candle will close below that support level and there is is potential for more downward movement. This is a lower probability set up as there is no clear target.
Please perform your own trade analysis and practice proper risk management. Again, please feel free to like this idea and leave a comment.
After price retraced to the daily support on 2nd April, we anticipated that price would reject that level and form a higher high on the daily. However, price struggled to do so. Now, today's daily candle will close below that support level and there is is potential for more downward movement. This is a lower probability set up as there is no clear target.
Please perform your own trade analysis and practice proper risk management. Again, please feel free to like this idea and leave a comment.
