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KVE
Jun 9, 2016 1:33 AM

AUD/NZD: Good level for a possible long coming up Long

Australian Dollar/New Zealand DollarFXCM

Description

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...

Trade active

Long from 1.0422

Comment

Currently not doing much but I think it could get started soon...
I will add at 1.0330 if we get there...

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
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