FX:AUDNZD   Australian Dollar/New Zealand Dollar
223 4 10
As you all probably already knew I was buying AUDNZD             and was looking to add. I showed several levels for pending buys to the traders that I already work with (if you are interested contact me on Facebook             .) This is also what will be done on the website and during the course.
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.
snapshot

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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forexstock100
3 months ago
Why do we need break above 1.075 for confirmation that it is wave 3 ! .is it a general rule for trading wave 3 ? Or it is a specific case related to this pair or something .
Thanks , Tim .
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TimStuyts forexstock100
3 months ago
I count the first move as wave 1 (high at 1.075) therefore I see a break above as a confirmation of wave 3 being in progress. That's in general not just for this pair.
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forexstock10
3 months ago
Wave 2 consumed much more time and price . Is this count valid till now ?
Thanks for sharing your ideas .
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TimStuyts forexstock10
3 months ago
I've updated AUDNZD for two scenario's, see the recent post. The lower the better if you ask me because it is going to reverse.
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