Oversold---Uptrend in PlayThe pair has been oversold.Strong Divergence in play
We may re-test the 21-MA then up or get in now and put yr stop losses below 21-MA
Good luck
AUDNOK trade ideas
AUDNOK potential bullish gartley setup:
-elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4)
-stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5
-harmonic pattern
-fib confluence above target 1 --> t1
If the pattern is completed i will;
-look for entry at 6.36 given confirmation
-set stops below 6.32
-take profits at 6.42 or reduce position and roll stops to break-even and look for extended targets
--> if after entry pattern is invalidated then I will be looking to close on a pullback
disclaimer - trade at your own risk,
this is simply like my opinion, man.
(4h) Bullish Pending Order @ Butterfly / 150% <> 161% extensionsFX_IDC:AUDNOK
Safe Trades;
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