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DylanMorgan
Apr 8, 2018 2:58 AM

Buy the Beakout of the Ending Diagonal Long

Australian Dollar/New Zealand DollarFXCM

Description

Here is the future pattern forming for AUDNZD. It is possible that price may not reach the top of the ascending channel for some time, so watch as price action nears the 1.12100 level.

For the present time, on the lower timeframe, there is an ending diagonal forming indicating price will reverse soon. Buy the breakout or enter at your own risk.

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The breakout has occurred and the corrective formation is now forming, look to long the next impulsive move up.

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