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Wave-Trader
Oct 9, 2016 4:10 PM

AUDNZD watching price action for short. (break up possible)  Short

Australian Dollar/New Zealand DollarFXCM

Description

Hi guys i am expecting one more move down in this reversal channel and watching for price action on the upper channel line if break up i will not look for sell and if price hold top then i will look for sell.

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Watching for breakdown of rising wedge.

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Please look at the update for detailed information

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Dont try to catch the top.

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Here we got the test.

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This pair is playing well.

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This pair has completed its corrective wave which we were expecting before its formation. Now we are watching for strong breakout.

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This pair is doing well. Here is the update.

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Comments
jake66
Great looking chart Wave- Trader
Wave-Trader
Thanks mate.
yax22
great tutor :) Thanks a lot.
HItrader
Looks like a pretty strong impulse. Gonna wait for a pullback before jumping in
HItrader
No impulse
HItrader
Wave-Trader. Whats your opinion if you don't mind me asking? Looking like we may now have a confirmed impulse. Enter on break of any pullback?
ankushbali
Question :

Hasnt the price already broken above the trend line?

tradingview.com/chart/GmH3QKEx/

Please explain ? thanks
ankushbali
Even if you look at the top most chart - click play - the price has broker the trend line you drew .

So I an not understanding why its still within the trendline on other below charts and why are you looking to sell? Please explain thank you.
radraziel
Are you still short on this one?
GoldHunter
shorted @ 1.06894
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