AUDNZD / D1 : Buy zone, but maybe to early to pay !

The current analysis shows that we're at some interesting prices for that forex minor cross but the wave count suggest that we could be on a 5 wave bear impulse... meaning that there should still be a fifth wave to come.. and so probable better prices to jump in !
I've bought this cross already on anticipated low leveraged long, still waiting for price confirmation. I'll take some partial profits at the detailed level and probably reinforce afterwards if we eventually have the final fifth wave that I just told you about !
The PRO Sinewave (beta) cycle analysis tend to confirm that view as we are currently under a bear breakout that happend at the middle of a range (weak break) that ploted targets below the current prices and tend to say that we could go a little lower as long as we remain under the break level. Breaking up this level would mean the end of the bear move of course !

Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/comment/follow if you feel like it deserve it ;)

Transaction en cours:

Scenario happened just as excepted ! The bearish momentum was too strong to hold on without a little excess. Now we have the perfect price available. No matter what happened with RBA this cross has to pop up right here and fastly. SL is set under 1,017. If we reach such prices the diamond reversal pattern will be totally unvalidated ;) I just bought this out full leverage at 1,03782. And I'll double it when we'll make a daily bullish engulfing

Commentaire:

First partial TP taken this morning under the bearish trendline just as expected on this scenario. Will rebuy on first available supports and go full leveraged upon this trendline breakout