AUDNZD Possible Buy Setup

AUDNZD Possible Buy Setup:

• wait and monitor closely for now. I believe we are either at the start of a short term impulse on 1H, or we can still be in D wave of the 30Min corrective structure
  
• watch for break of trend to the upside (should show flag on lower time scale above trend line for confirmation)
  
• if it goes back down below ~1.03675, then set up is invalid and 4HR level structure is still continuing C wave.
  

Longer term possibilities:

• if it falls below ~1.03503, then 4H structure is invalid and we are still in the B wave of Daily corrective structure
  
• if it falls below ~1.02329, then Daily structure is invalid and we are still in the C wave of Weekly corrective structure
  
• Finally, if it falls below ~1.00227, then Weekly structure is invalid and we are still in the B wave of Monthly corrective structure
  

Yorum: