fstrader1
Long

AUDNZD - Buy Setup from Bottom

FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
62 0 1
AUDNZD             has completed a bearish wave and formed a reversal pattern at the bottom channel trendline . I am looking for an strong impulse up from the bottom, creating a buy setup. A correction is possible after initial impulse. Thanks for taking the time to look at my idea.
Comment: Quick update...
I believe AUDNZD has made a strong rally up from the bottom and going into a possible correction before another rally to the upper trendline of the smaller channel that I have labeled "red letter C". I think wave will eventually make its way to the upper trendline of the larger channel, but we will have to watch price action. Here is a chart representing my idea. As always, thanks for watching...

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