AUD/NZD profit target reached perfectly, time to start buying
May 4, 2017 3:23 pm
Price has dropped perfectly and reached our profit target. We now prepare to buy above 1.0771 support (Fiboancci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.0932 resistance (Fibonacci extension, horizontal swing high resistance, Elliott wave theory).
Stochastic (55,5,3) is seeing major support above 1.3% where we expect a bounce from.
Buy above 1.0771. Stop loss at 1.0707. Take profit at 1.0932.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price has dropped perfectly and reached our profit target. We now prepare to buy above 1.0771 support (Fiboancci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.0932 resistance (Fibonacci extension, horizontal swing high resistance, Elliott wave theory).
Stochastic (55,5,3) is seeing major support above 1.3% where we expect a bounce from.
Buy above 1.0771. Stop loss at 1.0707. Take profit at 1.0932.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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