Hi traders, I hope you all had a wonderful weekend.
NZDAUD looks good for a buy setup. I am expecting this breakout to lead to a move to the highs of the range. I expect a breakout of structure, and a move immediately to the upside in the form of a single wave impulse. Alternatively, it could break structure, bounce on the structure, before moving to the upside, in the form of a 3 wave minor impulse move, which will be a measure move of the longer term impulse wave move.
Best regards, Tom_Killick
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A strong move to upside just as my analysis above predicted. Well done to anyone who had their own tested trading strategy and had the know how to trade this move to the highs of the range.
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A nice 70 pip move today, very well done to everyone who followed this idea.
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