Possible Scenarios on AUDNZD

Both of my scenarios end up hitting the upper trend line. It could possibly happen in 2 different ways though
- Either the price will rally to the top after breaking up the highlighted S/R level which is the key to the action...
- ... or it will retest the lower S/R first ( because of the trendline breakout previously ) and then it will start a powerful rally to the top

Either way it will go up. I really doubt it will down-trend. Thanks! :)

Dagangan aktif:

I went short on AUDNZD at 1.07000 level after the price bounced on the S/R, which by the way, proves the red scenario correct, so far! Will keep short till it reaches the 1.05826 level, which is my take profit.

Happy trading! :)