TradingView
ElliottWaveBelgium
Jan 29, 2019 11:57 PM

AUDNZD - Possible Short opportunity with good R/R Short

Australian Dollar/New Zealand DollarFXCM

Description

We are in a corrective move in this pair and currently in wave (b), playing out as a Flat, meaning wave b goes below wave a start.
Now we are making a 5waves move up for wave c of (b)

Price should find resistance around 1.054x.
And if we can count 5 waves in, then we have a good chance to see price reverse lower towards 1.0350.

Comment

Don't hesitate to like, share my ideas and
Subscribe to my FREE Telegram Channel for more updates
t.me/em16public

Comment

Comment

!!! SELL AUDNZD - Stop 1.0560. Target to be determined.

Comment

Stop moved to 1.0530

Comment

Stop moved to 1.0502

Comment

Close position with whatever small profit you have. Price action is not looking good.
More