NubisTrader

AUDNZD Picking up Buy Momentum

NubisTrader Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD is in Completing Correction wave WXYXZ.
wave counting has shown the wave 3 on Daily chart are in progress to be complete.

Long on completion of wave 3 would be okay but a bit Risky without knowing the chart Pattern
we are expecting a simple correction ABC inside wave 4 before to enter Short.

and to enter long on the completion of Wave 5 and at the same time this will be the Wave 2 on weekly chart.
Trade active:
wave count has been invalidated, will need to re-count .
Comment:
Weekly Long Setup still valid

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