Hello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Daily: The last daily candle from this week has already broken 2 lows and this is an initial confirmation of an bearish trend.
H4: The last h4 candles are bearish and that is crucial for an m15 push to the downside.
H1: On the h1 timeframe we see a bearish trend.
M15: Here we draw the counter trendline. We wait for a confirmed breakout and then a push to the downside.
Have a nice day.
Lets start with the Top Down Analysis.
Daily: The last daily candle from this week has already broken 2 lows and this is an initial confirmation of an bearish trend.
H4: The last h4 candles are bearish and that is crucial for an m15 push to the downside.
H1: On the h1 timeframe we see a bearish trend.
M15: Here we draw the counter trendline. We wait for a confirmed breakout and then a push to the downside.
Have a nice day.
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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.
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.