AUDUSD | Descending Broadening Wedge
AUDUSD | Descending Broadening Wedge
Since the beginning of April, the price is moving within a "Descending Broadening Wedge Pattern"
It looks like AUDUSD can still move down for the Z wave of the pattern.
However, the "Z" wave will be confirmed only if the price will move below 0.7030.
On the opposite side, the price can begin the reversal and can increase again.
Thank you and Good Luck!
Since the beginning of April, the price is moving within a "Descending Broadening Wedge Pattern"
It looks like AUDUSD can still move down for the Z wave of the pattern.
However, the "Z" wave will be confirmed only if the price will move below 0.7030.
On the opposite side, the price can begin the reversal and can increase again.
Thank you and Good Luck!
Trade closed: target reached:
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