08.12.2020
The overall trend is downward. An H4 level ascending pattern is truncated and the pattern of the wave C H4 (M30 level pattern) is also truncated. Awesome Oscillator shows a bearish divergence. The currency pair is trading in the range of 365 and 135 moving averages.
AUDNZD rate online: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated H4 level pattern.
Stop Loss: 1.0568.
Target levels: 1.0480; 1.0423.
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