EWStructures
Long

AUD/NZD - Wave 2 near completion

FX:AUDNZD   Australian Dollar/New Zealand Dollar
23 0 1
I believe wave 1 of larger degree wave 3 is finished at 1.07 so I take this move down as a smaller degree wave 2 which ideally ends lower around 1.0550 but it doesn't always play out that way and might lift off straight away. I'm already in this one but I reckon a nice opportunity to add on to it will emerge soon. And if 1.0310 is indeed the end of larger degree wave 2 then we should see a big upmove, the ideal target comes in at 1.25 (1.618% of wave 1) but let's stop dreaming and just trade and see what happens :)
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