AUDNZD is nearing the PRZ of a bearish bat pattern on the hourly chart. The bearish bat may complete the wave (ii) retracement to continue the bearish trend down to wave ( iii ) completion. The PRZ of the harmonic pattern is confluent with previous fourth wave support. Entry is placed at .886XA with SL at 1.1XA and target at (i) = ( iii ).
Short active at 1.06491
Trade closed manually:
Trade closed manually: +35 pips
Recount shows possible end of correction and upcoming bullish movement. Chart coming soon