TradingView
ard3413
May 3, 2016 2:28 PM

AUDNZD boiling up for wave 3  Long

Australian Dollar/New Zealand DollarFXCM

Description

I think the flat correction is about to end and we will see an impulse wave to upside soon.
I'll be a buyer at the break of correction happening after 2-4 trendline breakout or after break above the wave 4 of Y wave of the flat.

Comment

this is a closer look. Note how structure develops and note the divergence in lower time frame.

Comment

the trade has not triggered yet, the structure is developing as an ending diagonal. the overall structure is still valid

Comment

ending diagonal broke to upside as expected

Comment

since price moves below the low of structure, I changed my view :

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