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.
snapshot
Comment: deceived to take profit, closed both positions.
snapshot
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