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ThinkingAntsOk

Bearish movement coming on AUDNZD by ThinkingAntsOk

Dolar Australia / Dolar New Zealand (FX:AUDNZD)  
ThinkingAntsOk  
FX:AUDNZD   Dolar Australia / Dolar New Zealand
Trend Analysis Support and Resistance Multiple Time Frame Analysis AUDNZD aud NZD Forex fx swingtrading
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trendanalysis supportandresistance mtfa audnzd aud nzd forex fx swingtrading
Main items we can see on the chart:

a) The price has reversed from a major resistance zone

b) After the initial movement and the breakout of the Ascending trendline a Corrective structure was formed

c) Currently, we can see a corrective Structure composed by an ABC pattern (also we can expect an ABCDE Pattern)

d) If the corrective Structure is broken with a bearish movement we expect a continuation of it towards the next Support Zone


DAILY CHART:
snapshot
Penafian

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