AUDNZD setting up for big short.
Hello traders,
Hope you all caught some pips with our previous analysis on this pair ->
Now, the pair is creating a beautiful rising wedge pattern on H4, and it looks like price wants to test Supply Zone one more time before the big breakdown. If you want to be aggressive, you can take long here and ride it towards 1.0825, or if you want to be more patient and careful just wait the price to reach that zone and develop some nice bearish Price Action to go short.
Targets would lie around 1.07-1.0720ish area and next one possibly at 1.0580.
Hope you all caught some pips with our previous analysis on this pair ->
Now, the pair is creating a beautiful rising wedge pattern on H4, and it looks like price wants to test Supply Zone one more time before the big breakdown. If you want to be aggressive, you can take long here and ride it towards 1.0825, or if you want to be more patient and careful just wait the price to reach that zone and develop some nice bearish Price Action to go short.
Targets would lie around 1.07-1.0720ish area and next one possibly at 1.0580.
Alternate view on the pair, provided by newcapitalfx (Max Nieveld).