AUDNZD trend analysis
2020-01-05 17:46:30
On daily timeframe, we can see a support with two touchs, trend has down and now in congestion.
https://www.tradingview.com/x/4Gu4cDje/
The congestion is triangle pattern
https://www.tradingview.com/x/OmznRbro/
For more detail, zoom in 4h
https://www.tradingview.com/x/jNtCgDO4/
Zoom in 1 hour, price has make lower high, break e leg trendline then make lower low, together indicate trend has change to down and trigger entry
https://www.tradingview.com/x/9XwLpcHI/
Set target at bottom support, use 1h timeframe to trail stoploss.
Or for more secure, wait for price break below d point then entry