FX:AUDNZD   Australian Dollar/New Zealand Dollar
703 5 14
6 months ago
For my previous posts and context see below:
AUDNZD lots of opportunities


I really like this pair and am looking for the perfect buy set-up. First of all I'm looking for the confirmation of wave V to be in progress by means of a 5 wave pattern lower on the 1 hour time frame.
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Then I'll be looking for 3 potential targets for wave 2 or B to end, but once price action shows more data it will be easier to determine which level has the highest probability for a bottom.

However I favor 1.03 zone for now because of several reasons (I mentioned the clearest signs in the chart)

Updates will follow but the reversal is what we don't want to miss.

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https://www.youtube.com/watch?v=HvmWTm4fcl8
6 months ago
Comment: Short term buy opportunity after consolidation for wave C of wave 4. Medium term still looking for another leg lower. Longer term a bullish move breaking above 1.14.
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6 months ago
Comment: We are closing in on the projected reversal area. Once price reaches that area I will start looking for a reversal.
6 months ago
Comment: Since we didn't see a deeper retrace yesterday (confirmation) I use my preferred wave count again with the potential of selling the last leg lower after a consolidation for wave 4 of lesser degree.
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5 months ago
Comment: AUDNZD might be setting up for that wave 5 I was looking for. However we need to be patience because since it is correcting we see minor impulses without any follow up. So be patience and wait for the right signs. I wrote those signs in the 15 min chart.
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5 months ago
Comment: We had to be patient but AUDNZD is doing as we anticipated. I'm personally not in this trade since it happened overnight for me. However those who traded it, well done. I'll be looking for the reversal once this wave 5 is in place. We have been on top of this pair and the reversal is what we don't want to miss.
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AnandYRaja PRO
6 months ago
I agree with you there. I ave been waiting for this for a while.

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Reply
fOREXeCHO PRO
5 months ago
will it be the time to sell wave 5 down? we are seeing a bear flag possibly.
Reply
TimStuyts fOREXeCHO
5 months ago
I'll update, thanks for the participation.
Reply
TimStuyts
5 months ago
AUDNZD might be setting up for that wave 5 I was looking for. However we need to be patience because since it is correcting we see minor impulses without any follow up. So be patience and wait for the right signs. I wrote those signs in the 15 min chart.
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Reply
fOREXeCHO PRO TimStuyts
5 months ago
I was in this trade and got out 1 hour ago, really a smooth trade, ya? Thanks for your job.
+1 Reply
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