Top trade idea for October 20st, 2016 – AUD/NZD
By Mircea Vasiu of Capital PropertiesFX
Above there is the AUDNZD cross that is shaping up a bearish setup that most likely started with the last move above 1.07. The idea behind this trade is that the current move should be one destined for parity, so it should be no wonder the take profit is close to that area.Trading with Elliott Waves should be subject to a price and time analysis, and this is what we’re doing: putting the time element to a price forecast.
For Article with Full Trade Set-up Click Here
By Mircea Vasiu of Capital PropertiesFX
Above there is the AUDNZD cross that is shaping up a bearish setup that most likely started with the last move above 1.07. The idea behind this trade is that the current move should be one destined for parity, so it should be no wonder the take profit is close to that area.Trading with Elliott Waves should be subject to a price and time analysis, and this is what we’re doing: putting the time element to a price forecast.
For Article with Full Trade Set-up Click Here