Technical Strategy: Turning
Elliottwave View: Possibly over.
We were on AUDNZD since Sept month and booked handsome profit on reversal 1.0340. We now looking to re-initiate long position on confirmation. Current pricing structure suggesting a near previous wave 4 region. This region provide target zone for wave 1 after reversal. As current price is trading in a channel, we are seeking for few confirmation to mark this as a and initiating long position with defined stoploss.
Looking for long opportunity for targeting above 1.0910
-- By @Hoagtrading (Hoagtrading.com)