anilmangal
Long

AUDNZD is it an Ending Diagonal?

FX:AUDNZD   Australian Dollar/New Zealand Dollar
2708 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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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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never ending diagonal... It may easily fall another 1100 pips. After that let's see.
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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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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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if what's happening right now isn't SL hunting, I don't know what is.
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This ending diagonal Anil, Is taking an awfully long time to end.
+1 Reply
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