Deniskofix

AUDNZD Long after retest of triangle resistance

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FX:AUDNZD   澳元/紐元
5
First the price broke through the triangle, then it broke the newly formed trend-line.

In my opinion this is a beginning of an Elliott Wave formation. Let the price drop down to the triangle's former resistance, if it doesn't break through, it will bounce off for wave 3 which will be 300+ pips gain, then it will consolidate for wave 4, and then continue north.

I'm just an amateur, looking to see if this is a possible scenario. Every and all comments are welcome.
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