IvanLabrie
Long

AUDNZD: potential contrarian setup

FX:AUDNZD   Australian Dollar/New Zealand Dollar
2 years ago
There's a quarterly time at mode downtrend expiration signaling a long trade is possible, whilst the daily chart shows a falling wedge with an uptrending RgMov, displaying a nice channel.
I'd suggest looking for an entry if the last daily high is breached with an up bar.
Entry would be a buy stop with a 1 atr stop under the last daily low.
Good luck!
a year ago
Trade closed: stop reached
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Daily time at mode downtrend ending here:

snapshot


Can reverse before hitting the target, which would be really bullish, or reach the target before time expires and reverse, or reverse at time expiration.
I wouldn't want to short here, so I'll wait to enter long.
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Fundamental shockwave map:

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All news come between today and the 25th.
These will induce volatility, and probably boost this trade.
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IvanLabrie TOP IvanLabrie
2 years ago
http://www.fxstreet.com/economic-calendar/
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Waiting for a move above highest low, no trade for now, I'd rather wait until we reach the time at mode time target and not reach the target below or when we do reach it before time (or on time).
Either way, I suggest waiting.
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NickCoulby PRO IvanLabrie
2 years ago
ty sir
+1 Reply
Price action is looking rather bullish, but I'll wait to place my entry. Target wasn't reached but the downtrend timer is still running until the 30th.
You could go long now, but I'd rather wait.
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AUDNZD: Elliott Wave speculation

In related ideas as well...
I revised the EW count, this looks more accurate.
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Looks like wave 4 up is a flat in the making.
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snapshot
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Seems like the wedge was an optical illusion.
Time expired today for the daily downtrend, and we already have a bullish reaction.
We can expect to retest the level depicted by the horizontal line in the chart below:
snapshot
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IvanLabrie TOP IvanLabrie
2 years ago
Time at mode is no joke...

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Waiting for a correction to get on board.
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Stop was too tight here.
Seems like it will complete a 5 wave advance soon, and correct, then it'll be time to reload and ride wave 3 in the daily.
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