I'm looking for a major buy in AUDNZD for a long time already and I still am. We see some strong bearish moves and by means of this post I like to share my alternative scenario in case we break below 1.035. To me this only means that we can buy from lower levels towards 1.15-1.18.
I count the structure on the daily time frame as a Flat correction where wave 5 of wave C might not have ended yet.
Updates will follow.
For context of the lower time frames see my Facebook page:
facebook.com/wwwtimstuytscom
I count the structure on the daily time frame as a Flat correction where wave 5 of wave C might not have ended yet.
Updates will follow.
For context of the lower time frames see my Facebook page:
facebook.com/wwwtimstuytscom
Note
I'm not so sure whether we will see a long term bottom in this area but short term buying opportunities might present themselves.
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Related publications
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.