AUDNZD made a bullish reversal after the completion of an ending diagonal pattern. The impulsive rally has made a two swing high, the i-ii, (1)-(2) wave structure.
The completion of wave (2) correction which unfolded as a double zigzag, terminated at 61.8 Fib, and enclosed within a parallel channel indicated that the price action might have found a bottom in the short term.
According to Elliot Wave theory, once a correction is completed the market resumes in the direction of the impulse. In AUDNZD's case, we should anticipate a strong rally in the third of a third wave.
Trade Plan
1. Entry at green levels
2. Stop loss at the red level
Do you want to learn how to uncover such setups by yourself? Shoot me a DM.
Regards,
Veejahbee.
The completion of wave (2) correction which unfolded as a double zigzag, terminated at 61.8 Fib, and enclosed within a parallel channel indicated that the price action might have found a bottom in the short term.
According to Elliot Wave theory, once a correction is completed the market resumes in the direction of the impulse. In AUDNZD's case, we should anticipate a strong rally in the third of a third wave.
Trade Plan
1. Entry at green levels
2. Stop loss at the red level
Do you want to learn how to uncover such setups by yourself? Shoot me a DM.
Regards,
Veejahbee.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.