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ard3413

AUDNZD double combination is about to end

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
ard3413 Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD double-combination double-combination-ending-with-triangle complexcorrection
6
0
audnzd double-combination double-combination-ending-with-triangle complexcorrection
this corrective pattern looks like a double combination.
Momentum is shifting from down to upside.
i will buy if it breaks above d wave of triangle.
Comment:
this pair didn't act as I expected. but now its making a deeper correction. I anticipate another wave to downside for a flat type of correction and then an impulsive wave as wave 5 to upside
snapshot
Comment:
below is another scenario for this pair. structurally it may be in the wave 5 right now. so at this point there is no trade setup, we have to wait and see how price acts on that level.
snapshot
Comment:
although the scenario of one more wave to down for flat is preferable
Comment:
Im waiting for this corrective pattern to end to join wave 3 of impulse

snapshot

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