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glennmercer

AUDNZD Short: Bearish Bat Trend Continuation + Wave Count

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
glennmercer Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD Elliott Wave EW TCT trendcontinuation Bat Bearish Patterns Bearish Bat Harmonic Patterns
6
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audnzd elliottwaves ew tct trendcontinuation batpattern bearish bearishbat harmonicpatterns
AUDNZD is nearing the PRZ of a bearish bat pattern on the hourly chart. The bearish bat may complete the wave (ii) retracement to continue the bearish trend down to wave (iii) completion. The PRZ of the harmonic pattern is confluent with previous fourth wave support. Entry is placed at .886XA with SL at 1.1XA and target at (i) = (iii).
Trade active:
Short active at 1.06491
Trade closed manually:
Trade closed manually: +35 pips
Recount shows possible end of correction and upcoming bullish movement. Chart coming soon
Comment:

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