Price is going to complete the ABCD pattern. Price currently has made the point C and gonna reach to the point D. Therefore, the long position should be on the point D.
If NZD/USD break the trendline, therefore, definitely it break the marking resistance and price will find the nearest support as a retest. probability price will continue uptrend till the next marking resistance
If NZD/USD do not break the marking resistance and make a pullback at the same time, therefore, price absolutely will continue downtrend.
AUD/USD will be downtrend when the price goes up to the red resistance and make a retracement. Then AUD/USD will break the trendline. After that AUD/USD will continue bearish.
As can be seen on the USD/CAD, the price is just touched the previous support ! Therefore, dominant candle just break up and it shows that the price will find the next resistance
NZD/USD just break the black trend line. Therefore, it shows that the price of NZD/USD is Bearish . After the price breaking the trendline, then it retest the Initial Break Candlestick which is in the blue box for entry. Therefore, the price perhaps will go to the 2.61 or 423.6 of Fibonacci Extension level.
ABCD pattern has spotted on AUDUSD where the retracement of AB is on 61.8 which is the Point C. Therefore, for the point D will be on 0.75481 which is the 127.2 of Fibonacci Extension of AB leg.
