Short AUDNZD. False channel breakout on 1hr chart. Use the 5min chart wait for price to go down and cross 100MA to trigger trade, else abort.
First target : 1.0688 Stop Loss : 1.0740
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Broken out of channel to test recent resistance. Previous trade was not taken.
Now 4hr chart rejection on 100MA and recent resistance, 1hr chart RSI trendline broken, 5min chart - 100MA support broken and rejected as resistance, Trade triggered.
Trade taken at 1.0738. Stoploss 1.0758, 1st target 1.0704, 2nd target 1.0680, 3rd target 1.0655.