Hello friends
On the AUDNZD currency pair chart, we are witnessing the formation of a complete Elliott wave pattern. These waves from 1 to 5 are quite clear and we can even count its sub-waves. Now a 5-wave pattern has formed, with wave C completed by a range.
Wave 5 of wave C is a contracting triangle.
Now the upper trend line of this triangle has been broken and pulled back.
So we expect the price to grow. Any situation may arise.
The first target is also the 1.08400 range.
The stop loss is also considered the 1.06500 range.
Good luck and be profitable.
On the AUDNZD currency pair chart, we are witnessing the formation of a complete Elliott wave pattern. These waves from 1 to 5 are quite clear and we can even count its sub-waves. Now a 5-wave pattern has formed, with wave C completed by a range.
Wave 5 of wave C is a contracting triangle.
Now the upper trend line of this triangle has been broken and pulled back.
So we expect the price to grow. Any situation may arise.
The first target is also the 1.08400 range.
The stop loss is also considered the 1.06500 range.
Good luck and be profitable.
Trade closed: target reached
Good luck and be profitable.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.