AUDNZD: Long opportunity

I am looking for a long opportunity on AUDNZD. Price made a strong impulsive move to upside from 02-Jan19 to 21Jan19 and it corrected 61.8% of it up to 1.0374 and now it is losing momentum. If this move will go according to forecast we can have:
TP1=100 pips; TP2=225 pips; TP3=330 pips and TP4=425 pips.

The big move on higher TF can be an ABC, where the C wave can end at TP3 or TP4.

Good Luck!

Commentaire:

60 min TF entry price zone.

Commentaire:

SL moved near BE. Price tested for the second time 200 EMA and resistance trend line but it didn't break above. RSI is bullish and we can see also 240 bullish engulf candle.