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marco_politi

Double head and shoulders for a daily reversal on AUDNZD

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
marco_politi  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Wave Analysis AUDNZD shortaudnzd trendreversalpattern 200pips breakout
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trendanalysis chartpattern waveanalysis audnzd shortaudnzd trendreversalpattern 200pips breakout
What we see is the formation, on the fifth bullish wave, of an interesting double head and shoulders.
The two neck lines, in addition to being in parallel, have already suffered a breakout. Now we are in the pullback phase.
a great time to get into short on about 200 pips.
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