We are in a corrective move in this pair and currently in wave (b), playing out as a Flat, meaning wave b goes below wave a start. Now we are making a 5waves move up for wave c of (b)
Price should find resistance around 1.054x. And if we can count 5 waves in, then we have a good chance to see price reverse lower towards 1.0350.
Commentaire
⋅
Don't hesitate to like, share my ideas and Subscribe to my FREE Telegram Channel for more updates t.me/em16public
Commentaire
⋅
Commentaire
⋅
!!! SELL AUDNZD - Stop 1.0560. Target to be determined.
Commentaire
⋅
Stop moved to 1.0530
Commentaire
⋅
Stop moved to 1.0502
Commentaire
⋅
Close position with whatever small profit you have. Price action is not looking good.