AUDNZD: Good opportunity! Buy or Sell?
I can figure out 2 cases of this pair:
1st case. The correction seems to end @ major trendline start from wave 1 (up trend) . I refer this case.
2nd case: The correction still in Zigzag and continue to break out bellow previous LL and travel to make a C leg.
In both cases, we have a narrow zone to buy and sell with good RR!
Thanks
1st case. The correction seems to end @ major trendline start from wave 1 (up trend) . I refer this case.
2nd case: The correction still in Zigzag and continue to break out bellow previous LL and travel to make a C leg.
In both cases, we have a narrow zone to buy and sell with good RR!
Thanks
Note
Add a base line for buyingNote
Buy wave 5
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.