AUDNZD - Daily and 4H - Descending Channle
Descending Channel visible on both 4H and Daily. Market has respected this pattern since mid August.
Daily is still on a downtrend and forming a LH. rejection could lead to our bearish setup.
BUT
4H is just forming its first HH. Heavy buyers volume at the moment, if sellers don't enter the market soon we could see the breakout of this descending channel.
Right now personally will be patient on this Pair and keep a lookout for next week.
Follow us for more ideas and setups
Sam
Daily is still on a downtrend and forming a LH. rejection could lead to our bearish setup.
BUT
4H is just forming its first HH. Heavy buyers volume at the moment, if sellers don't enter the market soon we could see the breakout of this descending channel.
Right now personally will be patient on this Pair and keep a lookout for next week.
Follow us for more ideas and setups
Sam
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