AUDNZD ShortA L O H A
- Daily in area of scoop pattern creating a double top and currently in a corrections which mean it can still head up and touch the outer trend line creating even better scoop/double touch pattern.
Multiple ways this can go but the setup are really clean to me, when price moves i think there will be a lot of opportunities here.
Let me know what you guys think!
15 min - correcting/ hover after a small impulse down within a descending channel.few potential that it could reject off the dotted trend line but with strong momentum across the Aussie. it's possible to break down further. maybe this is it.
4hr - letting the market set this up, if there is a bearish close that engulfs the previous bull candle, a type of confirmation of the double top within the descending channel.
1hr - Its not a strong bearish impulse rejecting and could be forming a bigger correction.
Although I do see some bullish opportunities it's possible they will be short term, overall looking to sell this pair.
PS: what does "beyond technical analysis mean?" lol
