Hypotese is progress of wave 5 for (C) from current price level
Retest with daily trend line.trading plan is as on chart...
Because of very deep correction of (iV) I expect very sharp and strong (V) and wave iii could also in progress and this is another reason for sharp movement.With the retest trandline plan to go for SHORT with very tight stop..
I am already long from last week and now planing to add some more lots.. How should I to trade? I am going to wait break of trendline and wait for reversal from i to ii and with long wick candle+50 EMA rejection at the level of ii ( in 1 hour counting 61.8%-66.4%) i am planing to add more lots.. Check to previous analyse to get idea from last week...
almost time to add some more lots without SL at the iv level with the price action
Wave C of higher time frame (B) is in progress with unusually deep cerrection of B..We can expect strong down movements is the hypotese..
Wave C on bigger time frame in progress,4H time frame I expect to wave as on chart..I am planning to go for short
Trading plan is going SHORT at the mentioned levels with a price action.
I am already SHORT for this pair.( take a quick look previous analyses).Expanded flat correcion is in progress.We could expect very hard drop from this level by next week.After 2 times A-B-C fractal, I consider that time for 5 wave down fractal,which is most strong and significiant.
With the pull back one grade lower time frame and this is 4H trade will actieve,wave (V) is in progress...
AUDNZD at the level of 61.8% of iv (i) and A fractal,I am going to entry SHORT
Wave X in progress on dailiy chart