AUDNZD: Potential Breakout Trade

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By VasilyTrader




 AUDNZD tests a key structure resistance one more time this week.
once again being rejected, it looks like chances are high that the market will soon return to its long term bearish trend .

for confirmation, I will be waiting for a bearish breakout of a rising trendline on 4H chart
(we need at least 4h candle close below)

then we can short the pair expecting a continuation to 1.016 / 1.004

in case of respect of trendline and new higher high higher close, the setup will be invalid
and bias switches to bullish .


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