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glennmercer
Sep 19, 2016 8:52 PM

AUDNZD Big Drop Coming - Sell at G Point & Cypher Short

Australian Dollar/New Zealand DollarFXCM

Description

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:
Comments
social_junkie1992
Thank you..I hope this pans out ;)
glennmercer
Yes ma'am! I'll update when I see a bearish impulse. Thanks for the comment!
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