AUDNZD is overall bearish and now approaching the upper brown trendline so we will be looking for sell setups on lower timeframes.
H1: Left Chart
AUDNZD is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.
Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the buy is activated, AUDNZD can still trade higher till the blue resistance 1.10
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
