It currently looks as if AUDNZD is able to pick up new short sellers after price dipped into the supply area starting at 1.072. At the same time, we saw a double top with two close by swing highs.
We are missing a momentum-shift candle (a large red candle) that breaks the 20 SMA to complete this reversal pattern.
We are missing a momentum-shift candle (a large red candle) that breaks the 20 SMA to complete this reversal pattern.
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog