FX:AUDNZD   Australian Dollar/New Zealand Dollar
This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD             (still to go down) and NZDUSD             (going up and currently finishing wave 2 down) this trade seems ideal :)

another "conservative"short entry could be entered after the price breaks the lowest point of wave D (1.1037) with SL @ the highest point of wave E (1.1089).

Technicals:
Wave E now is perfectly equal to 0.618 wave C.
Wave C is perfectly equal to 0.618 wave A.
Risk-reward ratio (2.4:1)
PhilFX
a year ago
Hey Dabsheh, hope you're doing well,

i took the same trade as you,

are you still in?
Reply
ResonanceTrading PhilFX
a year ago
No, apparently the correction is more complex. I was stopped out.
It should continue going down but from higher resistance.
Reply
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