THE "KIWI" GROWING WINGS!? | AUDNZD (4H)

This is a follow-up plan on the long term speculation published earlier (see the previous broadcast on this pair for reference purpose - link below);

Tendency: Temporary Downtrend ( Bearish )
Structure: Harmonic | AB=CD
Observation: i. Impulse A-to-B is in harmony with the B-to-C leg.
ii. B-to-C: The B- to-C leg is at exactly 78.6% Fibonacci retracement of the A-to-B leg.
iii. Price temporarily rejects 1.08700 indicating a strong resistance.
iv. Price gaining momentum towards Moving Averages after retest.
Trading plan: SELL with TP1, TP2, TP3 and TP4(195pips) and SL @ 1.08800/1.09200 zone.
Risk/Reward: 1/4.3
Potential Duration: 3 to 10 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.


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