AUDNZD - Wait for the Double Top At the Very Least
Will look to consolidate on daily grinding down to 1.0775 area before AUD tries for 1.10 again.
Aggressive traders hoping for a double top will pile in here but will wait for a fairly large daily candle wick / pin bar to form before I go into shorts as there are upper trend lines to consider.
Look for more signs of divergence in your indicators on daily before going in.
Aggressive traders hoping for a double top will pile in here but will wait for a fairly large daily candle wick / pin bar to form before I go into shorts as there are upper trend lines to consider.
Look for more signs of divergence in your indicators on daily before going in.
Note
Consolidating - not really feeling a short just yet.
Waiting for one more up ward move
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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.