We are starting the up move from the e leg, it has a high probability of breaking the bigger correction
Expecting another push higher before we get the big drop, watch this one!!
Will buy on a buy order entry, with the break out of the correction
Expectting one more downside on the USDCHF, Divergence present on the MACD as well
Has broken out of the 1hr correction, will be selling it soon down to bigger structure
There is a short sell, setup forming here, will sell the breakout
We in a corrective leg buying the 78% retracement which gives a good risk to rewards
As you can see from the chart above, AUDNZD has made a habit of moving in major bull and bear cycles, each one lasting anywhere from three to five years. We just happen to be coming off a four-year decline and forming a possible inverse head and shoulders pattern in the process. Since November of last year, the Aussie cross has continued to bottom and is now...