VasilyTrader

AUDNZD: Do You See This Cute Pattern Forming 🇦🇺🇳🇿

Short
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar

AUDNZD is trading within an expanding wedge pattern.
Reaching its resistance, the price dropped two times forming a head and shoulders pattern.

I am waiting for a neckline breakout as a trigger for a further decline.
I need at least 4h candle close below 1.0396 - 1.0405 area.

Next support will be 1.035

In case of a bullish breakout of the wedge , the setup will be invalid.

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