elpadrinoo

AUDNZD Harmonic 5-0 Pattern

Long
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD after a long downtrend looks like it has finally made a full reversal towards the upside. After losing momentum the uptrend was confirmed with a bullish orderblock that broke market structure . with such a strong Bullish Orderblock we now the institutional orderflow is now bullish . The price action is starting to form a harmonic 5-0 on the daily time frame which is a continuation pattern . The entry for this harmonic pattern is in the zone of the bullish orderblock and also a area of support . Very clean setup and strong confirmations for the buy . Look for entry around the area of 1.05665 with a confirmation on the 15 minute time frame ( strong rejection and/or engulfng candle )
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