FX:AUDNZD   Australian Dollar/New Zealand Dollar
45 1 0
Many reasons to try a short trade here. Fundamentally the kiwi is stronger. Ichimoku is setting up for a bearish crossover. My EW count suggest there will be one more wave down before a major correction. Oscillator returned to 0 during last correction, that usually indicates end of wave 4 (as I labeled it). Stop as usual is above the kijun-sen(blue MA). Two possible targets: 1) wave5 that is 0.618 times wave 1 will take price close to parity 2) wave5 that is equal to wave1 will take price to ~0.95
AlexanderMilev
2 years ago
Got stopped out of this one
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