In the chart of the AUDNZD pair, we can see a Head and Shoulder pattern in a 4 hours frame. As it shows, the pattern is about to breakdown, so we recommend to set a sell stop order at 1.0867 price level aproximately. Also, we can settle a Stop Loss near the 1.1017 price level (-1.38%) and a Take Profit around the 1.0610 (+2.32%). The risk-benefit ratio is 1.69, showing a great opportunity to make a short.
AUDNZD
AUDNZD