AUDNZD Still Eyeing the Bullish Reversal Price Action
Updated
Hi traders:
AUDNZD is still on my watchlist this week and very patiently waiting for the correct bullish price action to develop before the confirmation entry.
What we see here is still a reversal bullish price action in the making.
rice correctively move down within the higher time frame descending structure.
As we know correction can continue to correct, and we shouldn't enter anything unless there is signs of bullish price development on the lower time frame.
Latest development shows price has completed a LTF descending channel, and there is some bullish impulse up move, good idea to wait for continuation correction to form.
This could be the first sign of entry for the upside, or simply wait for price to complete the HTF descending structure,
and follow by continuation correction to buy is another alternative way.
Thank you
Note
Higher Time Frame:Note
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