The logical of long for audnzd:
- Step 1: On the week chart current wave was the corrective wave. because the pattern from 2015/7/19 to now was too mess to be a impulse wave.
- Step 2: So if the Step 1 is correct, then the chart from 2015/4/12 to 2015/6/28 must be to impulse wave. because according to the wave theory. corrective wave and impulse wave are alternate run
- Step 3: IF (Step 1 and Step 2) equals True. Then next wave must be impulse wave. and direction anti with current direction.
- Step 4: So the conclusion is we need to open long position at current wave. But wait to get good pos opened!