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Bearish movement coming on AUDNZD by ThinkingAntsOk
Dollar Australia / Dollar New Zealand
Bearish movement coming on AUDNZD by ThinkingAntsOk
Oleh ThinkingAntsOk
Ikuti
Ikuti
25 Jun 2020
1
0
25 Jun 2020
Main items we can see on the chart:
a)
The price has reversed from a major resistance zone
b)
After the initial movement and the breakout of the Ascending trendline a Corrective structure was formed
c)
Currently, we can see a corrective Structure composed by an ABC pattern (also we can expect an ABCDE Pattern)
d)
If the corrective Structure is broken with a bearish movement we expect a continuation of it towards the next Support Zone
DAILY CHART:
aud
AUDNZD
Forex
fx
Multiple Time Frame Analysis
NZD
Support and Resistance
swingtrading
Trend Analysis
ThinkingAntsOk
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