ThinkingAntsOk

Bearish movement coming on AUDNZD by ThinkingAntsOk

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Main items we can see on the chart:

a) The price has reversed from a major resistance zone

b) After the initial movement and the breakout of the Ascending trendline a Corrective structure was formed

c) Currently, we can see a corrective Structure composed by an ABC pattern (also we can expect an ABCDE Pattern)

d) If the corrective Structure is broken with a bearish movement we expect a continuation of it towards the next Support Zone


DAILY CHART:
Thinking Ants.
A platform entirely created to improve Traders development.

https://www.thinkingants.com/

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out