AUDNZD - waiting for price to enter the DITCH !!!!!

.A long scenario for AUDNZD.

Need to wait for

1. Wave structure - seen a minor wave 3 completed , and need for waves 4 and 5 to play out.

2. Intermediate Support level test- at 102.40

3. Test Further Pivot Support - price to move through S1 towards S2.

4. RSI to move back down well into the Oversold region.


When the above has occurred some form of candlestick / oscillator / moving average confirmation

Entry likely 101.50 - 102.50.

Targets are fibs .382 and .618 . Fair value would be in the middle of the range at 106.50 ......... :)