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ElliottWaveBelgium

AUDNZD - Possible Short opportunity with good R/R

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
ElliottWaveBelgium Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Wave Analysis Beyond Technical Analysis AUDNZD riskreward short pending
2
0
trendanalysis waveanalysis beyondta audnzd riskreward short pending
We are in a corrective move in this pair and currently in wave (b), playing out as a Flat, meaning wave b goes below wave a start.
Now we are making a 5waves move up for wave c of (b)

Price should find resistance around 1.054x.
And if we can count 5 waves in, then we have a good chance to see price reverse lower towards 1.0350.
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Comment:
Comment:
!!! SELL AUDNZD - Stop 1.0560. Target to be determined.
snapshot
Comment:
Stop moved to 1.0530
Comment:
Stop moved to 1.0502
Comment:
Close position with whatever small profit you have. Price action is not looking good.
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