AUDNZD possible bull reversal set up

20 Jun 2016

Many divergences falling short & creating new lows in a predefined channel - similar to the move of AUDNZD at the end of 2015.
If they will have been entered as reversal many of them will have been fell short.

In the last couple of lower lows we are on the upper half of the channel and after this decline if there will be a divergence with a strong bull bar on 4 hour then i will get in a long position

Also after a good divergence we have a new lower low before without any divergence which will likely to have +2 divergences to have a reversal so let me wait for that setup