Interesting. . Will most probably be a fast fake out to the 1.02s if we violate that stated support of yours...
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Interesting. . Will most probably be a fast fake out to the 1.02s if we violate that stated support of yours...
Yes I think so also. Provided that the March 2015 low holds (which formed the urge into June 2015), then chances of a move above 1.14 stay very high. Of the price action from July 2015 - June 2017 is corrective.
Still, the move up right now is working, and it is still to be decided whether major or corrective...
Set for progress in retracing the prolonged decline wave (3), towards 0.6182 x (3)
1 Attachment(S)) Buy Limit Activated Now Establish TP
AUD/NZD -- move from the low is just 3 waves so far. However that might be just bigger wave (A) of a bigger 3 wave correction, so I'm watching to see if we can find a (B) wave non for another move higher. Sounds corrective so far.
AudNzd appears to be consolidating having a higher high and a higher low presently
Buy Limit @ 1.0350
Cease @ 1.0150
TP. @ 1.1000 (might close out reduced depending on PA along with some other things, I don't like to limit my profit potential so I instead set the TP further away and shut out instead)
I truly hope this trade gets triggered during the following day or so. AUSSIE and NZD data might do the trick afterwards, lets see.
Cheers
Found the (B)) wave low within this pair. So indies another down leg later on, it started correctively.
Beginning of a new bullish fashion on H4 chart. Placed pending buy order at fractal level (1.05519).
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