AUDNZD - SELLAUD/NZDOANDA:AUDNZDAffan8107On the 4H timeframe, AUDNZD is showing a clear downward trend, with price continuing to form a bearish structure. So far, there is no visible bullish divergence to suggest that the current downward momentum is losing strength. My expectation is that price may develop a bearish flag pattern, potentially providing another continuation opportunity. I am considering the following two entry scenarios: Scenario 1 Allow price to complete a potential bearish flag formation. Wait for price to print a Lower High (LH). Place a Sell Stop below the flag's support after a confirmed bearish structure. Use the Alligator Jaw on the 1H timeframe, together with Heiken Ashi candles, as a reference for stop-loss placement above the relevant resistance/structure. This approach provides additional confirmation before entering the trade. Scenario 2 Sell Stop: 1.22327 Stop Loss: 1.23207 Risk: 88 pips Potential targets: TP1 (1:1 RR): 1.21447 TP2 (1:3 RR): 1.19687 This approach aims to capture the continuation of the existing bearish momentum without waiting for a complete flag-and-retest formation. The Aussie dollar has recently faced pressure from concerns surrounding technology stocks and broader risk appetite. Meanwhile, the New Zealand dollar showed relative strength earlier in the week. Both currencies are sensitive to global commodity demand. Iron ore and broader Australian export conditions can influence AUD, while dairy and agricultural export prices are important for NZD. The technical structure currently favours a bearish continuation, but the interest-rate differential is a fundamental headwind for this position. I would therefore give more preference to Scenario 1, waiting for confirmation rather than entering prematurely.