traderWgun
Long

bigger wave 3 may be completed

FX:AUDNZD   Australian Dollar / New Zealand Dollar
118 1 1
Bullish divergence , hammar and double bottom .
Should retrace back to wave 4 terroitory (green box).
Is 'hammar' a Swedish word for 'hammer' or is it a typo? :-)
I'm afraid a hammer is not enough, esp. right after those two red long candles. The down trend is still quite strong, although I agree that a correction may be in the offing.
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