AUD/NZD Elliott Wave Binary Options Analysis – 17 Feb 2014

The bigger picture for Binary Options in AUD/NZD appears to be CONFIRMED Bullish, with long-term targets in the 1.1200 price area.

AUD/NZD appears to have just completed a Wave 2 correction at the 50% Retracement Level of Wave 1, with it’s Minor Wave C have retraced nearly 100% of Minor Wave A within Major Wave 2.

HIGH or CALL Binary Options hence have a higher probability of success (ending at 20-21:00 GMT), entry prices being carefully considered on the 1-Hour & 4-Hour timeframe before execution.

The chart below illustrates AUD/NZD’s current decline in Wave 2, followed by a powerful resumption of the Bullish Trend – It is very likely that Minor Wave C is complete, having already retraced 100.0% of Minor Wave A in Major Wave 2, a classic bullish continuation point in the Elliott Wave Principle’s context.

Click The Binary Options Elliott Wave Chart Below To Expand:

AUDNZD - Primary Analysis - Feb-17 1714 PM (6 hour)

AUDNZD – Primary Analysis – Feb-17 1714 PM (6 hour)

 

 

 

 

 

 

Should AUD/NZD continue to rise, it will be a reasonably impulsive powerful rise as Wave 3 almost always has a powerful course – Binary Options traders will stand to make better decisions when pursuing the price in this current uptrend.

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