We have a beautiful ABCD multimonth flagpattern on the AudNzd Pair.
I am expecting a strong bullish move towards 1.1230 in the coming weeks.
After breaking 1.0310 we didnt have any kind of follow through for several days.
Sellers are getting dried out, and i think bulls are showing a strong hand with three consecutive solid bull candles and moving again above...
XA - is the impulsive bull wave from the low.
AB=CD - Correction is coming to an end. We are seeing a multimonth Flag Pattern.
I am expecting a fake breakout / bear trap to the downside, by breaking the flag to the downside, we are going to see a strong upmove in the coming days.
I entered a highly speculative long position @ 1.0275 with a tight stop @ 1.0249...