Currently Bullish on AUDNZD. I see a reverse head and shoulders on the Daily with strong Bullish Closes in the recent days. Price had no problem breaking to the upside on the descending penant. ABCD in play so far. On the break we can confirm the D leg and hit about the ~1.167 level.
-Safe trading and Best Regards
-Safe trading and Best Regards
Note
Risk Reward: 1.5 Stop loss or area to watch 1.105
Take Profit Region .1.165
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.