fxmillions
Long

Will this pattern play out?

FX:AUDNZD   Australian Dollar/New Zealand Dollar
7 months ago
Price has shown momentum for both sides, thus indicating a possible contracting wedge . Lets see what we get. This is a daily chart so even if it could be a huge correction, there will be plenty of short term opportunities within the structure.
7 months ago
Comment: Triangle expectation is valid until price breaks the low of 1.04964. If price breaks this low we may expect a simple ABC correction or any other combination.

Related Ideas

Forex123
7 months ago
I like your clean chart. I'm trading this game plan with first TP of around 1.095.
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fxmillions Forex123
7 months ago
Nice. Please keep an eye if the pattern changes and proves to be something else.
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