AUDNZD: Harmonic Pattern & Structure

15. Juli 2020

hey guys,

AUDNZD is approaching a key daily/4h structure resistance.

the horizontal structure matches perfectly with a completion point of the harmonic cypher pattern.

for confirmation, wait for a breakout of a rising channel on 1H and then sell aggressively or on retest.

target levels:
1.065
1.063

safest stop is above the last higher/lower high within the channel.

in case of a bullish continuation above the underlined potential reversal zone on 4h,
setup will be invalid.