AUD/NZD: Good level for a possible long coming up
Update on the situation.
Price gapped from around 1.0630 (daily close) to around 1.0540 (daily open) today..., the up retracement after the gap made a wick on the daily candle but didn't fill it..., after the current down move is over we should at least go up to fill the gap...
The question is: how low will we go before it reverses....? 1H and 4H oversold so it could be today...., we'll see!
In any case, based on Quassimodo support and a possible AB=CD and Gartley I'm looking to buy around 1.0410 and 1.0330...
Price gapped from around 1.0630 (daily close) to around 1.0540 (daily open) today..., the up retracement after the gap made a wick on the daily candle but didn't fill it..., after the current down move is over we should at least go up to fill the gap...
The question is: how low will we go before it reverses....? 1H and 4H oversold so it could be today...., we'll see!
In any case, based on Quassimodo support and a possible AB=CD and Gartley I'm looking to buy around 1.0410 and 1.0330...
Trade active:
Long from 1.0422
Comment:
Added at 1.0330...
Comment:
Gartley traders could take TP1, 0.382 reached... I will hold on to it...
Comment:
Update:
Looking good so far...
Comment:
Completely flat, TP1 met, TP2 not but still good...:
Trade closed: target reached:
TP2 for pattern met
I will add at 1.0330 if we get there...