AUDNZD: Looking for long opportunity
Talking Point:
Technical Strategy: Turning Bullish
Elliottwave View: Possibly flat correction over.
Analysis
We were bullish on AUDNZD since Sept month and booked handsome profit on reversal 1.0340. We now looking to re-initiate long position on confirmation. Current pricing structure suggesting a flat correction near previous wave 4 region. This region provide target zone for wave 1 after reversal. As current price is trading in a channel, we are seeking for few confirmation to mark this as a flat correction and initiating long position with defined stoploss.
Action
Looking for long opportunity for targeting above 1.0910
-- By hoagtrading (Hoagtrading.com)
Technical Strategy: Turning Bullish
Elliottwave View: Possibly flat correction over.
Analysis
We were bullish on AUDNZD since Sept month and booked handsome profit on reversal 1.0340. We now looking to re-initiate long position on confirmation. Current pricing structure suggesting a flat correction near previous wave 4 region. This region provide target zone for wave 1 after reversal. As current price is trading in a channel, we are seeking for few confirmation to mark this as a flat correction and initiating long position with defined stoploss.
Action
Looking for long opportunity for targeting above 1.0910
-- By hoagtrading (Hoagtrading.com)
Transaction en cours
Pair is moving as expected and we are already in a trade for our targets. We mark this as a flat correction as described in above analysis and moving our stop loss 1.0590
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.