Hi traders,
The AUDNZD made a bullish rejection candle at a double bottom level on a weekly support zone.
.
This pair is currently building a major Elliot Wave triangle corrective pattern after a major five-wave bearish impulsive move.
.
According to Elliot Wave principle, a triangle consists of 5 corrective waves (ABCDE). AUDNZD has already completed the wave ABCD, and the price is about to start building wave E which has the potential to move up towards the Triangle resistance as projected on the chart.
.
We will wait for the price to break above the blue descending trendline that lined up with resistance level and then look for a bullish corrective pattern to take advantage of the impulsive move.
.
What's your thought on AUDNZD? Let me know in the comment.
.
Thanks for reading!
Veejahbee.
The AUDNZD made a bullish rejection candle at a double bottom level on a weekly support zone.
.
This pair is currently building a major Elliot Wave triangle corrective pattern after a major five-wave bearish impulsive move.
.
According to Elliot Wave principle, a triangle consists of 5 corrective waves (ABCDE). AUDNZD has already completed the wave ABCD, and the price is about to start building wave E which has the potential to move up towards the Triangle resistance as projected on the chart.
.
We will wait for the price to break above the blue descending trendline that lined up with resistance level and then look for a bullish corrective pattern to take advantage of the impulsive move.
.
What's your thought on AUDNZD? Let me know in the comment.
.
Thanks for reading!
Veejahbee.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.