FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD             has developed a falling wedge reversal pattern and it reached a former support zone , we should see buyers coming in for the next days.
Comment: We had a breakout but the move up looks very weak.
snapshot
Comment: A possible continuation
snapshot
the consolidation above the TL for so long just worries me
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tonz_of_gunz ruthrajamanie
Indeed man, had a little long scalp on this and thats all.
+1 Reply
ruthrajamanie tonz_of_gunz
it is suppose to be heading up but not liking the recent PA. but it has not even invalidated the structure so still in that trade man hoping we might see some good movement within next few hours
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tonz_of_gunz ruthrajamanie
Hope its gonna work for you, sometimes we see a pullback to test wedge breakout.
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This is really good setup
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Well it looks good on paper, let see if is gonna do it:).
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