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MRobert

AUDNZD short for 1.04 or 1?

Short
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
MRobert Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Wave Analysis
3
0
trendanalysis chartpattern waveanalysis
AUDNZD On D and W I see short and on 4H maybe one more wave up as wave 5 watch image from below. For the ones that want to long ,wait a break of yellow or red line and a flag after the break (a safe entry for long is after the pink line) BUT the short is a great R:R for long term. For short right now is a bad time wait a better entry like a flag or the end of the wave 5 and break of it.
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Look for short entries
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If we pass green zone, we will see a double top maybe. Short idea stays in play until we pass the top and get a confirmation for long.
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