The pair is forming a descending channel, which typically signals bearish continuation. Based on the current price action and technical structure, we are executing a short trade setup with the following stats:
🔹 Pair: AUD/NZD T/F:1H
🔹 Trend: Bearish (Descending Channel)
🔹 Entry Point (Sell Stop): 1.07593
🔹 Stop Loss (SL): 1.08542
🔹 Take Profit 1 (TP1): 1.06644
🔹 Take Profit 2 (TP2): 1.05695
🔹 Lot Size: 0.18
🔹 Risk:Reward Ratios:
▫️ Trade 1: 1:1 (Risk $100 : Reward $100)
▫️ Trade 2: 1:2 (Risk $100 : Reward $200)
🔹 Total Risk: $200
🔹 Potential Reward: $300
📉 We're capitalizing on momentum within the descending channel and looking for breakdown confirmation to hit our targets.
#AUDNZD #ForexTrading #DescendingChannel #BearishSetup #PriceAction #ForexSignals #RiskReward #TradingPlan #TechnicalAnalysis #ShortTrade #FXMarket #ForexCommunity #TradingView #MarketOutlook
🔹 Pair: AUD/NZD T/F:1H
🔹 Trend: Bearish (Descending Channel)
🔹 Entry Point (Sell Stop): 1.07593
🔹 Stop Loss (SL): 1.08542
🔹 Take Profit 1 (TP1): 1.06644
🔹 Take Profit 2 (TP2): 1.05695
🔹 Lot Size: 0.18
🔹 Risk:Reward Ratios:
▫️ Trade 1: 1:1 (Risk $100 : Reward $100)
▫️ Trade 2: 1:2 (Risk $100 : Reward $200)
🔹 Total Risk: $200
🔹 Potential Reward: $300
📉 We're capitalizing on momentum within the descending channel and looking for breakdown confirmation to hit our targets.
#AUDNZD #ForexTrading #DescendingChannel #BearishSetup #PriceAction #ForexSignals #RiskReward #TradingPlan #TechnicalAnalysis #ShortTrade #FXMarket #ForexCommunity #TradingView #MarketOutlook
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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.