AUDNZD Reversal Incoming, Watch For Sell

1546

Hello traders:

AUDNZD is looking very clean for the possible bearish reversals.

We can see a HTF potential double tops, and price has formed a larger ascending channel, correcting the price up.

In the latest development, we see a smaller, lower time frame ascending channel as well, good signs of multi-time frame aligning up.

We did see price reverse down from the top of structure, and smaller continuation correction has formed.

Watch for more downside move, by identifying the next continuation correction to push the price down to the bottom of the structure.

Thank you

Penafian

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