AUDNZD sell, 1hr

We have been having very strong selling momentum on AUDNZD and from what I have experienced the pair most of the time does not disappoint when setups are made.

We are currently looking at a down trend which has at least three touches that confirm that we have a lot of selling momentum coming in.

Secondly we have formed a solid bearish flag inside the downtrend which makes me confident in its next direction.

Thirdly we have something I like to call double confirmation of a trade. It goes like this, we have a breakout both vertically and horizontally.

We also have a breakout from the bearish flag and retest the confirms that this is a good time to enter trades on this pair.