Short

AUDNZD Big Drop Coming - Sell at G Point & Cypher

Updated

Wave count suggests a big drop is coming. In addition to the end of corrective wave E we have a cypher completing at the same level. As always, waiting for the bearish impulse and pullback before selling with a tight stop behind base of the impulse. Weekend gap provides T1 and T2 is lower at the 1.272 extension of E-F. This setup will yield a huge R/R with over 130 pips of potential profit! Happy Trading

Note

Drop initiated, see sell setup:

AUDNZD Drop Initiated - Short Wave-i-of-((a))-of-G

glennmercer

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AUDNZD Double Triangle: Long After Pullback (Wave-iv)

by glennmercer

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