AUDNZD-Bearish ABCD pattren
The pair is in downtrend and have been bouncing from trendline. According to mean reversion the pair is going back to its mean. In the process the pair has made an bearish ABCD pattern and entry can be taken when price move below point B. NO divergence on RSI is present indicating the price may continue its trend.
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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.