AUDNZD Short Trade

AUDNZD M30

After yesterday's spike, price is consolidating in form a small channel. Currently pair is on the verge of breaking that channel to the downside. 

I plan to go short on a break & hourly close below the channel. Break area roughly comes around 1.2755/53. 


Stop loss will be yesterday's high targeting 50% retracement of yesterday's spike.

Since today is Friday, I will keep my position size small.