#AudNzd Sell projections

2023년 11월 6일

AudNzd have been in an uptrend for a while on the 4hours timeframe. As we can see from the market structure,price has failed to make push higher which then make an impulsive moves to the downside breaking structure. This impulsive moves have left an imbalance which is the reason price probably will return to fill those imbalance. Using my Fibonacci tool,I draw from the higher high and to the new low to mark out the possible premium level(71% and 79%)where I expect price to reverse from. Once price tap into this levels,I will be looking for a change of character on the lower time frame to confirm this sell. Remember to apply proper risk management 🙏