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glennmercer

AUDNZD Big Drop Coming - Sell at G Point & Cypher

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
glennmercer Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD Cypher Triangle correction confluence glennmercer gmercerfx
17
2
audnzd cypherpattern triangle correction confluence glennmercer gmercerfx
Wave count suggests a big drop is coming. In addition to the end of corrective wave E we have a cypher completing at the same level. As always, waiting for the bearish impulse and pullback before selling with a tight stop behind base of the impulse. Weekend gap provides T1 and T2 is lower at the 1.272 extension of E-F. This setup will yield a huge R/R with over 130 pips of potential profit! Happy Trading
Comment:
Drop initiated, see sell setup:
AUDNZD Drop Initiated - Short Wave-i-of-((a))-of-G

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