Short movement expected on AUDNZD by ThinkingAntsOK
Main items we can see on the chart:
a) The price has broken an ascending trendline after finding resistance on a relevant supply zone
b) After the Breakout, we saw a corrective Structure (ABC Pattern)
c) Currently, we are observing a breakout of the ABC Pattern
d) We expect a bearish movement towards the next Support zone
e) We should be able to observe Corrective Structures on the way that allow developing high-quality setups
a) The price has broken an ascending trendline after finding resistance on a relevant supply zone
b) After the Breakout, we saw a corrective Structure (ABC Pattern)
c) Currently, we are observing a breakout of the ABC Pattern
d) We expect a bearish movement towards the next Support zone
e) We should be able to observe Corrective Structures on the way that allow developing high-quality setups
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