AUDNZD SELL H4/H1

2019-12-18 15:14:23

H4 Sellers are in control
H1 Buyers are making 2nd test of resistance
Both are testing top of daily channel resistance.

Entry: 1.04314
Target 1: 1.04132
Target 2: 1.03889
Stop Loss: 1.04476
RR: 2.52

Plan:
1. Fade the buyers on 2nd test and enter
2. If stopped out by spike consider re-entry
3. if price rises, exceeds and holds above 1.04431 abandon idea
4. Take partial profits at 1R on a % basis relative to moementum.