<p>The Aussie dollar has been bullish over the last 7 hours and has been in a steady uptrend for 32 days. Clearly, the exact opposite has been happening on the NZD.</p>
<p>This trade is a setup on the potential of a false break. We are already on the upper part of the channel. It's a higher risk trade, going against the trend but the NZDUSD is on a double bottom, so there could be a bounce there. Plus, the AUDUSD only just found some support in the midst of considerable selling pressure.</p>

Short setup on a false breakout on AUDNZD

Dec 01 2020

Take Profit +0.83%

Holding time 4d15hr

1.08300

Entry price

1.07400

Take profit price

3

1