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AUDNZD: Structure Trade With Confirmation

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
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FX:AUDNZD   Australian Dollar / New Zealand Dollar
Chart Patterns Technical Indicators Wave Analysis Forex trading Technical Analysis aud NZD AUDNZD australiandollar newzealanddollar Currencies
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chartpattern indicator waveanalysis forex trading technicalanalysis aud nzd audnzd australiandollar newzealanddollar currencies
snapshot

on a daily audnzd is approaching a strong area of resistance.
on 4H we see a head and shoulders pattern formation inside this area.
it is a very good sign of a weakening bullish momentum.
I will be waiting for a bearish breakout of a neckline to short the pair.

T1 - 1.059
T2 - 1.0545

Stop - 1.07
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