AUD/NZD 12.01.2017
Time frame D1
Long-term down trend, short-term correction to levels of EMA 200 and horizontal resistance.
Price Action:Fake breakthrough of the primary resistance, Pin Bar on levels of the 200 EMA
Technical indicator:Both DeMarker and CCI 50 are turning around below the 100 period, which will confirm the projected movement.
SL: 1.0620
Alternative scenario: If the price goes above 200 EMA and the resistance, the short movement might be denied.
Jr_trader_A_Kumanov
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