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AUDNZD - SELL IDEA

Short
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
SignalsProvider Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Technical Indicators Wave Analysis Gann AUDNZD audnzdshort forexsignals trading investing newsignal freesignals signalprovider telegramsignals
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indicator waveanalysis gann audnzd audnzdshort forexsignals trading investing newsignal freesignals signalprovider telegramsignals
Analyzing AUD/NZD on the 3-hour chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a significant downtrend, and the recent upward correction formed wave (b). Now, I am expecting wave (c) to continue the downtrend. The potential targets for wave (c) are:

- 1.08689, which aligns with the 0.618 retracement level of wave (a)
- 1.08060, which aligns with the length of wave (a)
- 1.07205, corresponding to the 1.618 extension of wave (a)

This setup suggests a short position on AUD/NZD, targeting these levels as potential take-profit points.
Trade active:
Going in the right direction
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