FullTimeTrader
Long

AUDNZD-long term zigzag is starting

FX:AUDNZD   Australian Dollar/New Zealand Dollar
1550 11 28
A very long term trade. If this count is correct this pair is forming a big zigzag labeled ABC             circled red.
Price currently is finishing wave B circled red unfolded as a triangle.
Ideal targets shown on chart.
One more interesting idea, using trend-based fib time tool it took the same amount of time forming the impulse and the correction.
snapshot
Best regards.
i cannot understand how you took that setup fibolevels are invalid in the sense so its a luck if moves
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Coiling
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I totally agree with your analysis ...Thanks for sharing
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falling wedge with possible abcd and fib confluence

got on this trade right at the reversal, a lot more confident since you posted the same tarde
cheers
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Well done! lets see what happens. Regards.
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sidhgenius FullTimeTrader
what do you think now coz i just bought it till 1.10
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FullTimeTrader sidhgenius
hello, setup already invalid, move.com with other opportunities
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ChetanFX FullTimeTrader
I dont think the setup is invalid. I would prefer to enter long close to 50% retracement..
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sidhgenius ChetanFX
atleast its going to asian high
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Yes off course i will be looking to buy near the 0.61 fib retracement also. Be carefull today we have rate news, so i decided to close this trade. Im short on GBPAUD.
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