AUDNZD: Structure Trade With Confirmation

imagen

on a daily audnzd is approaching a strong area of resistance.
on 4H we see a head and shoulders pattern formation inside this area.
it is a very good sign of a weakening bullish momentum.
I will be waiting for a bearish breakout of a neckline to short the pair.

T1 - 1.059
T2 - 1.0545

Stop - 1.07
audAUDNZDaustraliandollarChart PatternsCurrenciesForexTechnical IndicatorsnewzealanddollarNZDTechnical AnalysistradingWave Analysis

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