AUDNZD – Rising Wedge Breakdown Setup

Wait 5 sec.

AUDNZD – Rising Wedge Breakdown SetupAUSTRALIAN DOLLAR / NEW ZEALAND DOLLARFX_IDC:AUDNZDfahimsafdar777AUDNZD is forming a rising wedge on 15M, signaling potential bearish reversal despite the higher timeframe uptrend. 📊 Market Structure: • 1H still bullish (higher highs & higher lows) • 15M shows rising wedge → weakening momentum • Rejection from recent HH zone • RSI showing bearish pressure (loss of strength) 🎯 Trade Plan: Sell below 1.20820 (breakdown confirmation) Targeting 1.21257 zone initially adjusted lower after breakdown continuation ⚠️ Invalidation: Break and hold above 1.21080 → bullish continuation Overall: Counter-trend setup. Short only valid on confirmed breakdown — otherwise trend remains bullish.