AUDNZD is in its final move to the downside. Have a look at my wave count:
Have look at my previous analysis to see the downside potential of the last move was predicted:
- Market finished Wave 4 which is a classic triangle pattern
- Price broke through support with its final Wave 5 to form bottom
- we are getting a nice RSI divergence across higher timeframes
- Market sits currently at long-term trendline
- 4H double bar candlestick pattern was formed, which is a nice entry signal
Have look at my previous analysis to see the downside potential of the last move was predicted:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.