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Australian Dollar / New Zealand Dollar
Long

AUDNZD Reversal coming

By jojofang0901
Updated

Hello traders:

Looking at AUDNZD for reversal price action from the previous swing lows.

We see price has been in this fallen wedge structure, correcting itself down.

We finally see price is attempting to breakout the wedge, and signs of bullish momentum coming in.

I would like to wait for a complete breakout, follow by a continuation correction on the LTF for the entry to the recent tops.

Thank you
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Clean continuation structure formed, with double bottoms, reversal price action.
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Chart PatternscorrectionFlagimpulsepatternpriceactionstructureWedge
jojofang0901
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