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)


I agree audnzd is interesting, this is my view
suracheFX 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
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