LingYan

AUDNZD Possible Head and Shoulder Pattern forming

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
In H4, a possible Head and Shoulder Pattern is forming, price also hit the downward trendline. I assume the up move is most likely driven by the fall of NZD, Since Kiwi has been bullish for a quite a while it needs at least a pullback even if it continue north. I will watch closely, see how it reacts, if break the trendline successfully, i will find a opportunity to long AUDNZD.
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