AUDCHF: on its wave 5 down Short

Australian Dollar/Swiss FrancFXCM

Description

⋅ May 28, 2018 10:43 PM

Traders,

AUDCHF is on its wave 5 down.
The end of wave 3 just happen to be FIBO 1.414 of fist wave.
And we draw a channel on this to follow the short trade that possible to go down.
FIBO 1.414 -1.618 is the target zone.

Less is more!

Comment

⋅ May 30, 2018 12:35 AM

this is what we said start of wave 5.

Trade closed: target reached

⋅ May 30, 2018 12:36 AM

And we got target 1 hit with 100 pips for holding 7 days.

Comment

⋅ May 30, 2018 12:37 AM

Patience is worthy

Comment

⋅ Jun 18, 2018 9:55 PM

still under its wave 5.

Trade closed: target reached

⋅ Jun 19, 2018 6:26 AM

Final tp hit, with 340 pips.

Comments

benhamad

⋅ May 29, 2018 2:58 PM

@FUNTRADER-Vera thank you, then i think : Weekly Triangle shape, Daily Down Trend, just wait 4 H Watch for a break price : 0.74524 :) Tank you a gain.

sicilianbro

⋅ May 29, 2018 5:06 AM

Its very hard to read this chart, not clear

FUNTRADER-Vera

⋅ May 29, 2018 5:42 AM

@sicilianbro, sorry for that.

Ehsan1991

⋅ May 28, 2018 11:35 PM

Thank you for your great chart , are you in right now ? What is your tp1?

FUNTRADER-Vera

⋅ May 29, 2018 5:42 AM

@Ehsan1991, 0.728