AUDNZD Heart of a 3rd wave up
Jun 19, 2015 at 13:28
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3 Replies
forex_trader_257610
Member Since Jun 19, 2015
1 posts
Jun 19, 2015 at 13:28
AUDNZD - This pair had a large 5 wave move down from Mar 2011 high and looks to have made a bottom in April of 2015. Off of this April low the move up counts best as 3 waves and we currently appear to be in wave (iii) of C up. Ideal targets for wave (iii) are in the 1.25-1.38 region. After we top of wave (iii) we should ideally hold the 1.09 are for wave (iv) before heading higher to complete wave (v) of C.
Member Since Oct 11, 2013
775 posts
Jun 25, 2015 at 01:33
Very interesting study and analysis. I guess one must be patient to spot those changes in the waves.
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