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:
www.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:
www.facebook.com/wwwtimstuytscom
Comment:
I'm not so sure whether we will see a long term bottom in this area but short term buying opportunities might present themselves.
