Nevertheless we have currently 4 positions and as long as we don't see 1.075 taken out I have to leave the stop below 1.054 low of yesterday. But I'm looking for 1.15 and 1.18 so that's okay. A break above 1.075 would indicate that a wave 3 is in progress and we can therefore start looking for more buys once (and IF) that happens.
Keep an eye on the bigger picture below for context.
The monthly is even better, I will post that count later because this will show that we are buying from long term lows and we are talking about AUDNZD which is a ranging pair due to obvious reasons. So even if we are totally wrong on this time frame I see that as an opportunity for an even cheaper buy.
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