AUDNZD Drop Initiated - Short Wave-i-of-((a))-of-G

20 Eyl 2016

Hey traders, the drop has likely begun for this pair toward point G of the expanding triangle. We have a bearish impulse on the 1H and an opportunity to catch the drop with a tight stop. There could still be another bounce twoard the .786 fib, but the loss will be cut short if that is the case. If the drop continues as planned, we have two targets in play:

Targets:

• T1 @ Weekend Gap, 1.029
  
• T2 @ Point G, 1.021
  

Happy Trading!

20 Eyl 2016

Not

Nice Drop! T1 approaching quickly

20 Eyl 2016

Not

T1 Achieved!