AUDNZD short off weekly downward trendline. Looking for price to break below daily trendline and retest area near weekly trendline near 0.618 fib retracement.
I'm not usually a counter trend trader but came across this ABCD pattern on the EURUSD Weekly chart. Price is currently at the low support line from 1994 1.11. I'll be watching it next week on the daily chart looking for a double/triple bottom. It may continue slightly further to 1.08 support also. Looking for a strong confirmation of reversal before entering....
