Hoag
Long

AUDNZD: Looking for long opportunity

FX:AUDNZD   Australian Dollar/New Zealand Dollar
a month ago
Talking Point:

Technical Strategy: Turning Bullish
Elliottwave View: Possibly flat correction over.

Analysis
We were bullish 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 flat correction 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 flat correction and initiating long position with defined stoploss.

Action
Looking for long opportunity for targeting above 1.0910


-- By @Hoagtrading (Hoagtrading.com)
a month ago
Trade active: Pair is moving as expected and we are already in a trade for our targets. We mark this as a flat correction as described in above analysis and moving our stop loss 1.0590
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