[1D] AUDNZD potential reversal in supply zone

27 Apr 2020For the last days, we were able to see AUDNZD in a nice uptrend. There is a potential supply zone, where the price can change to a downtrend or at least do the correction. Note that the uptrend looks strong, so the price might only consolidate in the supply zone and continue upward. I will go short after observing stron reversal patterns e.g. divergence, shooting star

28 Apr 2020

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Price cut through the supply zone without hesitation (it is good because there was no false signal to enter a short trade). There is a next supply zone nearby 1.08 I will look for shorts there.