dojitrader
Long

Aggressive Triangle e wave long . . .

FX:AUDCAD   Australian Dollar/Canadian Dollar
127 3 1
Looking like the harmonics and symmetry of this corrective
price action is continuing to fall into line.
No Doubt, the RBA rate statement will mess that up !!!
Anyway figured to put this out in case it does come into
play as planned.Low risk as any price print below c will shoot
this idea down completely.
I've included a chart in the comments that show the larger
corrective action for some perspective.
dojitrader
2 years ago
The larger degree correction
snapshot
Reply
dojitrader
2 years ago
As is often the case, price of the e wave
never made it down to the bottom before it blasted off.
Maybe, if we get a retest of the top trend line, a second
chance to enter long will appear.
Reply
dojitrader
2 years ago
Looks like the trend line test has stopped short of a good
entry and an entry now, in anticipation we've entered wave 3
would require a smart stop of almost 100 pips so, standing aside
seems the best thing to do for now.
Reply
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