AUD/NZD Short Idea 100 PIP potential

Got a few confirmations of a short here on AUDNZD. First the Supply zone rejecting 3 times forming a bearish Expanding Triangle and Head & shoulders Formation. On Top of the double pattern set up I have a Divergence, drawn in green, on the RSI indicator. Main thing to wait on or watch out for is the uptrend to break or if the supply zone does not hold the H&S pattern is busted and my entry is off a little. I still have multiple confirmations without the H&S so I will hold until my Stop Loss is hit. ALWAYS USE PROPER RISK MANAGEMENT.

Yorum:

Going to let it ride to stop loss. It's not a total loss just yet.