AUDNZD is getting rejected from W1 Support Zone by D1 bullish "Engulfing" candle. Once D1 candle closes as a Bullish "Engulfing" we may look for short opportunities on smaller TFs to minimize the risk and increase the reward.
On H1 TF we may spot that Price has already formed Left Shoulder and Head of Inverse H&Sh pattern, also Head of the Inverse H&Sh pattern completed with Double Bottom pattern.
Once Price pulls back to test the broken neckline of Double Bottom pattern, it may also form the right shoulder of Inverse H&Sh pattern. Currently waiting for the clear confirmations and if in our Major level Buy candlestick price action pattern will appear, I will enter long on this pair with Stop Loss below the Head of H&Sh pattern
On H1 TF we may spot that Price has already formed Left Shoulder and Head of Inverse H&Sh pattern, also Head of the Inverse H&Sh pattern completed with Double Bottom pattern.
Once Price pulls back to test the broken neckline of Double Bottom pattern, it may also form the right shoulder of Inverse H&Sh pattern. Currently waiting for the clear confirmations and if in our Major level Buy candlestick price action pattern will appear, I will enter long on this pair with Stop Loss below the Head of H&Sh pattern