A Perfect Sell Opportunity In AUDNZD Around The Top

A perfect sell opportunity is forming in AUDNZD as the pair just reached a great resistance zone on the daily chart. The bearish divergence is confirming the end of this bullish move. So at this point we should be focusing on sells only. How?

Contents hide

1 AUDNZD D1 Chart
2 AUDNZD H4 Chart

AUDNZD D1 Chart

AUDNZD H4 Chart

All confirmations are present on the H4 chart as well. We got a false break at the top, divergence, now we want to see the price breaking below the trend line and the last low. Once that happens, look for small correction up and sell. Stop loss should be placed above last high. Target 1- 1.0585, Target 2 – until opposite divergence occurs or 1.0485.

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.