Vicheth27

Wait for the breakout to confirm the downward movement

Short
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
I have been monitoring this pair for several months already. Price rejected the monthly key area and moved down. In these 2 weeks, however, price didn't move much. Last week, price formed the invert Head & Shoulder, but it failed to break the neckline. I am looking to see the breakout of this ascending trendline before enter the short position on this pair. The first target will be the previous swing low, followed by another strong support ( or will be open till the swing low of the weekly chart)
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