AUDNZD on the way to the Target by ThinkingAntsOk
Main items we can see on the chart:
a) We observed a clear minor corrective structure after the breakout of a major corrective structure
b) This structure was also supported on a clear horizontal zone (support/resistance)
c) When we find this kind of situations with coherence in multiple aspects, we can say we are in front of a high-quality setup
d) The movement is currently going as expected (from a technical perspective) and we wait for the resistance zone to be hit
a) We observed a clear minor corrective structure after the breakout of a major corrective structure
b) This structure was also supported on a clear horizontal zone (support/resistance)
c) When we find this kind of situations with coherence in multiple aspects, we can say we are in front of a high-quality setup
d) The movement is currently going as expected (from a technical perspective) and we wait for the resistance zone to be hit
