AUDNZD Watch For A Sell Setup In This Key Zone

Price is moving into a falling wedge pattern where after a sharp move to the down, price is now into a correction heading up probably to test the upper bond of the wedge pattern. At this level we should watch for a sell setup to complete in order to go short.

As for profit target we should aim for the lower bond of the wedge. Make sure you place your stoploss according to the rules of your strategy.

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This setup is no more valid. Click below to watch my new analysis on AUDNZD