suracheFX
Long

AUDNZD Weekly Hammer close ABOVE 78.6%. BUY!!! 700 pip trade!

FX:AUDNZD   Australian Dollar / New Zealand Dollar
All 3 wave structures meet criteria of ABCDE wedge , All X waves identical, All Y waves extensions identical. THis is a great 700 pip trade up

Invalidation is a close below the daily trend line of current WX structure (Green label)

Comments

I agree audnzd is interesting, this is my view
Reply
suracheFX transparent-fx
@transparent-fx,

Very nice. I am in the long from breaking the bottom. As you explain you must wait for confirmation of managed fund momentum but this is not always a certain that it will continue so I now enter positions at extreme levels of patterns, in this case the extreme level of the sub-wave X wave of this D structure.

By the way, where do you get the net long/ short position close off?

Thanks for feedback
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out