FX:AUDNZD   Australian Dollar / New Zealand Dollar
51 0 11
Looking at long entry on break of green line and break of wave iv high.
This is a low time frame structure and may not be in the same direction as the larger trend. What fits well here is the 5 wave impulse with wave 5 being the extended wave. Corrections from a wave 5 extension normally end in wave 2 of the impulse which this has.
The correction type fits a expanded flat ratio. Wave b is a 1.236 retracement of wave a. Then a 5 wave structure down in wave c ending between a 1. 618 retracement of wave a and a 1. 618 retracement of wave b.
Comment: could see a pull back here.
Comment: deceived to take profit, closed both positions.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out