farid_ardavani
Long

AUDNZD double combination is about to end

FX:AUDNZD   Australian Dollar / New Zealand Dollar
this corrective pattern looks like a double combination.
Momentum is shifting from down to upside.
i will buy if it breaks above d wave of triangle.
Comment: this pair didn't act as I expected. but now its making a deeper correction. I anticipate another wave to downside for a flat type of correction and then an impulsive wave as wave 5 to upside
Comment: below is another scenario for this pair. structurally it may be in the wave 5 right now. so at this point there is no trade setup, we have to wait and see how price acts on that level.
Comment: although the scenario of one more wave to down for flat is preferable
Comment: Im waiting for this corrective pattern to end to join wave 3 of impulse

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