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
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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.
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.
Scientist
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we definitely little close to successful up move when we were 17 days ago.
IvanLabrie
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Maybe it's already done and it's a different terminal.
Buying the break would work for sure.
anilmangal
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I will definitely be buying this !
IvanLabrie
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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.
anilmangal
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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.
EmmanuelDuru
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Nice post, a great buy if it breaks above. Lets watch and see.
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.