POTENTIAL SHORT TRADE SET UP FOR AUDNZD

Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.


Entry: The price has reached the peak of a higher time frame (HTF) bearish continuation structure, forming a reversal head-and-shoulders (HS) pattern at the top. Following this, we are monitoring for a lower time frame (LTF) bearish impulse and continuation structure to identify an entry point for the trade.

Expectation: A downward move is expected, initially targeting the low of the right shoulder structure, followed by the lower boundary of the HTF bearish continuation structure.



⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!