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Showing posts with label AUD/NZD. Show all posts
Showing posts with label AUD/NZD. Show all posts

Saturday, November 10, 2012

Elliott Wave Analysis of AUDNZD

An update to this pair


This has seen some really clean waves and potentially now it could be ending 1 of 2 ideas i am watching

If a simple 3 wave ABC advance then it potentially is pips away from reversing and completely retracing the move from 12368, with what looks like a 5 wave advance in progress, a small push higher would complete a 5 wave move from 12521 and potentially a larger ABC from 12368

So a decent trade is setting up

An alternative idea which dont really fit with my daily time frame ideas is a potential bullish "12 12"

That would imply that a 5 wave move finishes soon from 12521 then a decline to correct that move proves to be corrective and then sets up more upside in a strong 3rd wave

We of course will track both ideas, but a reversal is setting up soon and at least a 120-150 pip move expected or if the preferred idea, 300-350 pips

Thursday, November 1, 2012

Elliott Wave Analysis of AUDNZD

An update of this pair, as from the top of the 5 wave advance i was looking for a reversal


I am still targeting 125-12520 as a 3 wave decline is needed to correct the advance from 12368, so far its behaving well and i suspect we should get the target covered inside the next few days as its a bit short of what i expected, but a great trade from the highs

Once  we see a 3 wave decline in place i suspect it should reversal higher as i am working an idea on the daily chart that ideally see higher before lower

Tuesday, October 23, 2012

Elliott Wave Analysis of AUDNZD

Its not a pair i follow much, and i was asked by a member could i take a look

I was pleasantly surprised at what i saw, i think it has the basis for a potential 5 wave impulse wave from 12368

Currently in wave [iv] so a move towards 12590-70 would end wave [iv] then rally to new highs, towards 127, and then see a trend change for at least a correction to this current move

Wednesday, July 18, 2012

Elliott Wave Analysis of AUD/NZD

This pair could be an exciting opportunity for swing traders, as we have a controlled risk point at 1.3043.

If this interpretation is correct, then a big more to the downside is setting up and a likely a multi-hundred move towards 1.20