EXPECTATION ON AUDNZD

20 באוק׳ 2021

AUDNZD was clearly trading bearish making lower highs and lower lows.then it created a double bottom formation by failing to make new lower lows.price attempted to reverse and push bullish but failed to break above structure (the highlighted keyzones) thereby forming a ranging market. In all normal sense this is still a bearish structure. But my bullish expectations comes from the COT report. Which indicated a bullish Aud. ONLY TAKE TRADES AFTER PRICE BREAKS STRUCTURE LEAVES FOR A WHILE COMES BACK FOR A RETEST AND ENTER AFTER A MOMENTUM CANDLE HAS BEEN FORMED.