Hello friends
In the AUDNZD currency pair we see a triangle in the larger cycle which is quite clear on the daily time frame.
Currently, the price is in wave E of this triangle
Triangles are always formed in the form of zigzag and ABC
Waves A and B are formed from this triangle, and wave C is not formed.
If our theory is correct, a 1 Hz wave should be formed
Wave 2 usually corrects 50% of wave 1
which is probably over
We are waiting for the failure of the last formed roof which is numbered as 1
You can enter buy position by breaking this ceiling.
If the price crosses the determined floor, our theory will be wrong and we should exit the buy trade.
Be successful and profitable
In the AUDNZD currency pair we see a triangle in the larger cycle which is quite clear on the daily time frame.
Currently, the price is in wave E of this triangle
Triangles are always formed in the form of zigzag and ABC
Waves A and B are formed from this triangle, and wave C is not formed.
If our theory is correct, a 1 Hz wave should be formed
Wave 2 usually corrects 50% of wave 1
which is probably over
We are waiting for the failure of the last formed roof which is numbered as 1
You can enter buy position by breaking this ceiling.
If the price crosses the determined floor, our theory will be wrong and we should exit the buy trade.
Be successful and profitable