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AUDNZD ready for breakout

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
PLAYER_ONE Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Wave Analysis
1
0
trendanalysis waveanalysis
AUDNZD broke support recently and is now forming a 1H bearish pennant. Wait for breakout (1H candle close below pennant) and SELL.
For less risk you can wait for a retest of the pennant after the break.
SL 1.0872
TP 1.0666

Use proper money management! Trade at your own risk!
Comment:
Price broke up the pennant, now we wait for the next opportunity. As long as price is below previous support around 1.0856 on a daily close I am still bearish on this pair.
Comment:
Price broke former pennant lower supportline. Sell at retest!
Trade active
Trade closed: stop reached
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