• Vasily Trader

AUDNZD: Have You Seen This Pattern?

AUDNZD is retesting a broken daily structure.

Trading in a bearish trend I am looking for a trend-following trade.

The price formed a double top pattern on hourly time frame.

1.0415 - 1.0417 is its neckline.

Wait for its hourly violation (hourly candle close below), then short aggressively or on a retest.

Goals will be 1.038 / 1.035

Remember, in case of a violation of an upper yellow resistance to the upside,

the setup will be invalid.