AUDNZD made simple long term

31 Ağu 2017

Audnzd is at a top and at a long term trend line, price has already completed 5 wave up to the trend line and I'm expecting price to come break the wave 3 low (1.0236) So looking for a sell set up on lower time frame is a good idea medium to longer term. the only way see price continue to the upside breaking out of the trendline is if we get a big correction but I'm expecting it to go down to complete the bigger picture pattern.