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davistradingforex

AUD/NZD Wedging - Looking for a Break -Levels and Patterns

Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
davistradingforex Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Wave Analysis Beyond Technical Analysis AUDNZD swing Wedge
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trendanalysis waveanalysis beyondta audnzd swing wedgepattern
Price action is currently wedging in a sideways wave 4 heading towards 0.236 fib levels of the last completed 5 count elliot wave. In the past this pair like to make alost full pullbacks so I could see it heading down to said levels breaking this wedge to the downside wave 5 short. I will not be taking the trade until i see a direction out of this current structure but bias is short until major cycle is complete. indicators are choppy and showing signs of sideways movement , looking for overbought or oversold signals at wedge tr support/resistance to play the breakout.
Comment:
Comment:
cypher abcd complete and looking for a small extension downward into lower channel wedge support to continue the structure until later this week
snapshot
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