The AUDNZD 4hr chart above shows a classic inverted H&S pattern. Price also broke out of the long-term parallel channel and support & resistance level.
Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii.
Entry Criteria:
Regards,
Veejahbee.
Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii.
Entry Criteria:
- Buy from or below the current market price and put stop loss at the red level.
- Wait for the breakout of the green line for conservative entry!
Regards,
Veejahbee.