jojofang0901

AUDNZD Reversal Price Action, Look for buys

Long
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar

Hi traders:

AUDNZD is in a larger descending structure, and the price is consolidating at a potential double bottoms on the higher time frame.

We can see price has made several swing highs and lows within the descending structure, potentially completing this correction.

Within the structure we can also identify the LTF descending channel as well, and now that price is impulsing up now,
be good idea to look for continuation bullish price action for a possible entry to the top,

If price does indeed breakout of the larger descending structure, and form further continuation correction then expect the move up to the next swing highs.

thank you
Comment: Price correctively move down within LTF descending channel, but still within the larger HTF structure. We see price is breaking up now, still watch out for bullish continuation corrections.
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