Hey traders,
AUDNZD is entering a peculiar potential reversal zone based on a recent daily structure.
1.072 - 1.074 is the underlined supply cluster.
To catch a pullback from that, keep following a rising wedge pattern on 1H.
Wait for its bearish breakout, then short.
Goals will be 1.066 / 1.0625
In case of a bullish breakout of yellow zone, setup will be invalid.
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Related publications
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.