AUDNZD Retracement trade

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This trade set-up is based on price action and I used some "Smart money concepts" as confluence. The trend is bullish on the HTF. Price just finished and impulse move up. it is shwing signs of exhaustion on the daily chart...the last couple of candles are shooting starts. We can expect a retracement back to a discounted level (50% or more) beA MORE RISKY TRADE SINCE IT IS A COUNTER TREND TRADE*** but I feel more comfortable taking it because its a higher timeframe trade. Im expecting 100+ pips. ALWAYS MANAGE YOUR RISKS and if you choose to join me in this trade, I wish you the best.

Penafian

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