Stophunt
AUDNZD SHORT: PATIENCE IS KEYHello all - On my watchlist for this week I have added AUDNZD.
(A) I am waiting for price to test this obvious supply zone one more time and patiently wait for the market makers to do their little stop hunt before making a move to the downside.
(B) I will also enter a short based on if price closes below the wedge formation on the 4HR timeframe.
If you like what you see feel free to follow my completely free public telegram channel where I go over my plans for key entries into the market :) @takenotesfx
AUDUSD long position off of support AUDUSD has been in a range after consolidating following a sharp move higher on the daily chart. Look for price to pierce below the range then strongly revert back into the range. Take your long trade after a pullback from this sharp move back into the range. You want to trap the sellers into believing they can push the market below the range. Once they fail, their stops will be triggered and provide momentum back to the top of the range. Only buy after the market pulls back after piercing back into the range.