FX:AUDNZD Australian Dollar/New Zealand Dollar
This idea was posted by my mentor @wave-trader. I believe that it's a great op to open long positions, very less risk but very high reward.
Comment: 1.02476 place your stop loss little below that point, at current time, it will go more down
I would recommend putting SL below 1.031, to save some money (from 1.031 to 1.02476) if it goes down... because if PA goes below this point (1.031) it will invalidate the wave structure and we can start looking for sell setups. I am already in the buy on this one from 1.038 aiming for 1.088 as target, good R/R though... good luck to you!