AUD/NZD - Selling pressure is on with the INV C and H and SMC
Inv C&H formed on Daily.
We are now waiting for a break below the brim level.
Once this happens, will confirm a fantastic position to go short.
200>21>7 - bearish
RSI<50
Target 1.03686
SMC
Buy side liquidity formed on the top of the Handle which made an Order block (Where the big boys sweep in the buying with retail traders - and offload their own positions). This creates the selling pressure and inclination for prices to drop.
Confirms a good short position is on the way.
We are now waiting for a break below the brim level.
Once this happens, will confirm a fantastic position to go short.
200>21>7 - bearish
RSI<50
Target 1.03686
SMC
Buy side liquidity formed on the top of the Handle which made an Order block (Where the big boys sweep in the buying with retail traders - and offload their own positions). This creates the selling pressure and inclination for prices to drop.
Confirms a good short position is on the way.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.