Looks like AUDNZD is making an AB=CD pattern. It just broke made a new structure high and is retesting it. If this retest of the new support hold it may go up to the 1.0588 level. If the AB=CD complete at the 161,8 extension you can short it at least to a 0,38 fib correction.
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Looking good so far here is my entry.
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Still looking bullish and fin for now!
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about 5 pips from profit then it went down :) but still looking good :)
Thanks for sharing, always appreciated!
QQ - assuming price reaches point D, you say you can target a 0.38 retracement, is that the retracement of the whole ABCD move, or just the CD leg of the move?
PA-FX
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@Gar3th, You are welcome buddy! :) I mean the CD leg yes :)
Gar3th
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@abozahra, cheers, many thanks!
Keep up the good work!
OncleJer
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Nice chart, Cypher completion at around your target level as well. Cheers!
OncleJer
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PA-FX
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@OncleJer, Great with more confluens :) Thanks for sharing!
breezymark
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Thanks for sharing, it's appreciated.
PA-FX
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@breezymark, Thx for your support :) i hope it helps!