AUDNZD, 60M, BUY
AUDNZD, 60M:
TREND(Higher Time Frames - 4Hr and D): UP
WAVES COMPLETED: W1, W2, W3
WAVE IN ACTION: W4
COMMENT ON CURRENT WAVE: W4 still in Corrective Channel. It is showing ABC structure and its not a sharp wave. So it can touch 0.382 of W3 (1.11943) and then re-trace to form W5.
RECOMMENDATION: Either BUY at 0.382 of W3 (1.11943) with a tight SL (which I won't recommend because it can even go to 0.618 of W3) or Wait for UPPER BREAK then wait for consolidation and then BUY for the W5.
NOTE: I am not an expert. Still learning... This is what I feel... May be wrong...
TREND(Higher Time Frames - 4Hr and D): UP
WAVES COMPLETED: W1, W2, W3
WAVE IN ACTION: W4
COMMENT ON CURRENT WAVE: W4 still in Corrective Channel. It is showing ABC structure and its not a sharp wave. So it can touch 0.382 of W3 (1.11943) and then re-trace to form W5.
RECOMMENDATION: Either BUY at 0.382 of W3 (1.11943) with a tight SL (which I won't recommend because it can even go to 0.618 of W3) or Wait for UPPER BREAK then wait for consolidation and then BUY for the W5.
NOTE: I am not an expert. Still learning... This is what I feel... May be wrong...
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.