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
What is the progress of this trade? Anybody in yet?
Fxprotrader
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Price didn't enter our initilal sell zone.. Now due to brexit price had made some big swings up and down.. I will update soon as this setup is still valid as price moves into a corrective structure.
aziz.au
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Thanks, appreciate.
aziz.au
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Thanks Fxpro, are we sharing progress, ie notify users when the sell set up is complete?