AUDNZD is overall bullish however, it is approaching a strong resistance and upper blue trendline so we will be looking for sell setups on lower timeframes.
on H1: 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. (projection in purple)
Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the sell is activated, AUDNZD can still trade higher. Always follow your trading plan regarding entry, risk management, and trade management.
