anilmangal
Long

AUDNZD is it an Ending Diagonal?

FX:AUDNZD   Australian Dollar/New Zealand Dollar
2704 39 161
The AUDNZD             is at the bottom of a complex corrective structure so buying the breakout is a great idea.
There is a possibility for one more down move in the down leg.

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Comment: It is making one more leg down, i am expecting it to hit the 50 fib retrace then bounce , let's see.
My view for an up move has not change.
snapshot
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Nice post, a great buy if it breaks above. Lets watch and see.
+2 Reply
anilmangal PRO ExperienceTrading
yes let's see
+2 Reply
Maybe it's already done and it's a different terminal.
Buying the break would work for sure.
+2 Reply
anilmangal PRO IvanLabrie
I will definitely be buying this !
+4 Reply
IvanLabrie PRO anilmangal
Let's stalk the entry :D
Check out EURUSD Anil, I think we have a different wave count than everyone thinks...Might be surging up from here.
+1 Reply
anilmangal PRO IvanLabrie
Could be but it still hasn't break the structure i am looking at ,if it does i'll post update. It did spike above the channel but structure still there.
+4 Reply
hi anil what is your view about AUDJPY? Thanks for keep sharing ideas.
+1 Reply
will post over the weekend
+3 Reply
bharatest anilmangal
thanks for that
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Many thanks.
+1 Reply
So we are getting a little closer to a successful up move then Anil?
I am under water with this trade. Seem to have been holding it for ages, but waiting for the inevitable low, will I hope, pay off.
I did have 1.0978 for a limit, because I feel the bears will take it down at this level, I may still do this and buy again at the low.
+2 Reply
we definitely little close to successful up move when we were 17 days ago.
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I think it breaks down first a bit before more up.
+1 Reply
Great as always!
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Thank you for the post. I have been watching this one for a while...
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Great chart anil !!
But I think that I will wait myself to buy the lower of the channel don't wanna get caught in any bear trap.
But that just my personal opinion
Thanks anil
+1 Reply
Thanks Anil
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great chart, I prefer go up than further correction
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AUDNZD: will it happen?

can we look forward this? 4hr candle seems break but back , weekly candle could be cross
I just buy ,SL @ 1.08, wish it will not move down
+1 Reply
Through the upper channel on your 240min chart!! --- Nice triple oversold MACD's with bullish divergence ---- How much room do I give the trade if I get long here? Maybe 1.0900?
+1 Reply
I will wait for the impulse to complete and then buy at the bottom of a complete corrective structure.( on a lower degree, since this is the bottom of a corrective structure on daily)
+2 Reply
aaahmed12 anilmangal
Hi Anil, will there be posts on a lower time frame for the AUDNZD?
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but aud nzd comes area of 1.0828 what should now?
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audnzd medium term downside is continuing according to plan. first demand zone 1.074 next 1.035 and 1.017.
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do you think it will really fall below 1.074?
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crncy PRO Scientist
im looking for buy upportunity around 1.074 (check my analysis for more info)
+1 Reply
looked, liked. I wish I saw it 9 days ago.
+1 Reply
Not My Favourite trade by far, Anil. "Please release Me, let me go"..as the song goes :)
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Thinking this pair has much more downside. 1.618 fib extension didn't hold on weekly. Currently looks like expanding flat wave B has completed and it's going to push down another leg imo.
snapshot
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This ending diagonal Anil, Is taking an awfully long time to end.
+1 Reply
if what's happening right now isn't SL hunting, I don't know what is.
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Agree with you! Here's my little ADD ON:
AUDNZD The price is below 1w and 1d Pivot supports. Continuation
+1 Reply
nice
+2 Reply
Marenno anilmangal
Thank You, Love the simplicity in Your approach!!!
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Having been out all day, found I had been stopped out on my lots.
Now, it has decided to pullback - darn.
The market will do what it wants to do, and not what I want it to do.
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never ending diagonal... It may easily fall another 1100 pips. After that let's see.
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Would a buy off the 61.8 fib be a good idea?
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crncy PRO chimpsky
AUDNZD DAILY, LONG IDEA

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