Thursday, October 6, 2016

Audnzd : Bearish correction to 1.03- 1.04?

Price bottomed at 1.02267 after a long term motive wave downside.

The long term correction started from 1.02267 with a well-formed impulsive 5-wave swings.

A correction is expected to 1.03873 before the long term corrective rally will be expected to continue.

Trade Recommendation:

SELL AUDNZD around 1.0575.

Stop Loss at 1.0640

Targets : 1.05 and 1.04

We advice to aim 1:2 R/R and maintain proper management (not more than 3% of total fund should be risked)

Note: It's not sure that this trade will win or lose. The signal provider will not be responsible for any trade win or loss. Traders who take this position do so at their own risk

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