In this Pair we see a visible Trends in DAILY time frame, in which you can see a Declining Phase, Accumulation phase and then currently in Bullish trend.
THE DEFINITION OF DOW THEORY IS WINNING.
So currently we plan a small SHORT ENTRY of around 170-200 pips
as the Short TP hits we take a LONG Entry from there for 200 pips more.
HAPPY TRADING.
Harmonic + Elliott Waves, AUDCZK.
* T1-16.923
Fifth normal-Wave expectancy, on account of already 3-wave extended.
Plan (A)
Buy-Safe beyond 16.2 for targets 16.7/16.23/17
Profit-Range 19.923 to 17.175, for "A", "B" and for "C" correction.
Plan (B)
Sell if price would not try to move above 17.175 for corrective-wave for target 16.441 and below 16.200,...
Analysis: Potential short on AUDCZK
-Approaching key resistance zone
-Price in downtrend
-61.8% retracement of previous impulse leg
-100% projection of previous corrective structure
-127% extension of corrective move
-100% AB = CD projection
Trade safe and at your own discretion!
