HEADS UP ON AUDNZD... READ FULL CONFLUENCE 👇
HIT THE LIKE BUTTON BUTTON IF THIS WAS USEFUL TO YOU..
I EXPECT A BULLISH MOVE FIRST BEFORE THE OVERALL BEARISH MOVEMENT.
** REASONS ARE, THE MARKET HAS BROKEN A STRONG TRENDLINE, SHIFTING FROM AN OVERALL BUYING MARKET TO A SELLING ONE.
** WE CAN CLEARLY SEE FROM A WEEKLY PERSPECTIVE THAT THE MARKET IS STUCK IN A RANGE
** IF IT GOES UP TO MY 78.6 FIB LEVEL TO RETEST THE SUPPLY ZONE, IT'LL BE CREATING WHAT SEEMS TO BE A DOUBLE TOP FORMATION, GIVING ME AN EXTRA CONFLUENCE FOR A BEARISH MOVE
** AS A SWING TRADER, I ALWAYS ADVICE MY STUDENTS TO USE PROPER RISK MANAGEMENT, TO WITHSTAND MARKET DRAWDOWNS, GOODLUCK.
HIT THE LIKE BUTTON BUTTON IF THIS WAS USEFUL TO YOU..
I EXPECT A BULLISH MOVE FIRST BEFORE THE OVERALL BEARISH MOVEMENT.
** REASONS ARE, THE MARKET HAS BROKEN A STRONG TRENDLINE, SHIFTING FROM AN OVERALL BUYING MARKET TO A SELLING ONE.
** WE CAN CLEARLY SEE FROM A WEEKLY PERSPECTIVE THAT THE MARKET IS STUCK IN A RANGE
** IF IT GOES UP TO MY 78.6 FIB LEVEL TO RETEST THE SUPPLY ZONE, IT'LL BE CREATING WHAT SEEMS TO BE A DOUBLE TOP FORMATION, GIVING ME AN EXTRA CONFLUENCE FOR A BEARISH MOVE
** AS A SWING TRADER, I ALWAYS ADVICE MY STUDENTS TO USE PROPER RISK MANAGEMENT, TO WITHSTAND MARKET DRAWDOWNS, GOODLUCK.