AUDNZD B.O. Idea

Hello Everyone, I am anticipating a break for AUDNZD. just must wait for it. we have not yet broken the uptrend line.

Kommentar:

MASSIVE DIVERGENCE!!!

Kommentar:

Clearly we can see the market has made a double top, diving deeper into charts I found a perfect confluency between the .618 Retracement from the high of the double top and the 1.27 Ext. of the corrective wave. this gives a perfect indication of a good opportunity to take a 2.618 trade. As icing to the cake we have the massive RSI divergence happening as well and the fact the market gapped and will most likely close the gap. Good Luck to all.

Trade ist aktiv:

Shorted the .618 lvl

Kommentar:

Current setup

Kommentar:

Price usually falls hard after a breakout when it doesnt extend patterns. Right now, that didnt happen, so good chance pattern will exptend more. Those not in will get a chance. those in may get shaken out if they cannot handle the emotional rollercoaster.
if you TP and it drops though, you will be kicking yourself lol

Kommentar:

Price keeps falling..very good

Kommentar:

Beautiful TCP from price. it should continue dropping. SL now in profit. will watch for more patterns indicating a continuation

Kommentar:

Forgot to enter that smaller pattern SMH whatever, still moved stops to heavy profit now.
market has dropped over 125 pips so far.
still got more to go

Kommentar:

Stopped out in good profit.
I am anticipating market will do a bigger correction now, this is good because if it does, I can add a new position in for more profits :)