glennmercer

Channel Slide Short on Wave-((C)): #Pitchfork #EW #elliottwave

Short
glennmercer Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Hey traders, as stated earlier this week I've been looking for a short on this pair. Aussie has been weak across the board following the RBA announcement and technically speaking this pair has been responding well to channels. I like the bearish pitchfork here to sell against its resistance but only if the support line is broken. This trade aims to capitalize on a wave-((C)) of a potential zig-zag correction. Updates to come. Cheers
Comment:

Trendline is broken. Let's see if it holds and closes below. Should see some more downside in that case and a potential fill of our short.
Trade active:
Beautiful.
Comment:
Comment:
SL Moved to B/E before bed. GN Everyone

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