• Vasily Trader

AUDNZD: Do You See This Cute Pattern Forming

AUDNZD is trading within an expanding wedge pattern.

Reaching its resistance, the price dropped two times forming a head and shoulders pattern.

I am waiting for a neckline breakout as a trigger for a further decline.

I need at least 4h candle close below 1.0396 - 1.0405 area.

Next support will be 1.035

In case of a bullish breakout of the wedge , the setup will be invalid.

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