Following the 4hs movement on AUDNZD by ThinkingAntsOk
Main items we can see on the chart
a) Last week we observed a clear minor corrective structure, and the target was the next resistance zone
b) The price moves as expected after the breakout of the minor corrective structure, and now we can observe the 2nd one
c) We will use the same logic for this structure if the price breaks it, we will aim for a bullish movement towards the previous target
d) REMEMBER: Waiting for clear corrective patterns is always the best way to trade the market; first you wait for something you feel extremely clear, and after that, you look for a breakout signal that provides you with a good risk-reward ratio towards the next support/resistance zone
a) Last week we observed a clear minor corrective structure, and the target was the next resistance zone
b) The price moves as expected after the breakout of the minor corrective structure, and now we can observe the 2nd one
c) We will use the same logic for this structure if the price breaks it, we will aim for a bullish movement towards the previous target
d) REMEMBER: Waiting for clear corrective patterns is always the best way to trade the market; first you wait for something you feel extremely clear, and after that, you look for a breakout signal that provides you with a good risk-reward ratio towards the next support/resistance zone
