AUDNZD has completed a bearish wave and formed a reversal pattern at the bottom channel trendline. I am looking for an strong impulse up from the bottom, creating a buy setup. A correction is possible after initial impulse. Thanks for taking the time to look at my idea.
I believe AUDNZD has made a strong rally up from the bottom and going into a possible correction before another rally to the upper trendline of the smaller channel that I have labeled "red letter C". I think wave will eventually make its way to the upper trendline of the larger channel, but we will have to watch price action. Here is a chart representing my idea. As always, thanks for watching...