AUDNZD | A Possible Breakout Trade

5 Eyl 2019

Hi,

AUDNZD making a breakout from the bearish chart pattern called Rising Wedge.
The bounce came from a pretty strong area. I have observed it since the August end.

The selling area should be the marked red area, criteria:
1. We have a breakout from the bearish chart pattern called Rising Wedge.
2. Breakout from the short-term triangle
3. Tripple top formation
4. Bearish candlestick pattern indications from the Daily and from the 4H timeframes.
5. Those bearish candlestick patterns came from a pretty strong area which stays around the round number 1.07000

Wait for a confirmed breakout and the good entry zone should stay inside the marked red area. Perfect would be a trendline retest.

Do your own research and if this matching with mine then you are ready to go!

Good luck,
Vaido

5 Eyl 2019

Not

9 Eyl 2019

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