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shevectorie
Aug 23, 2015 5:43 AM

Big Zigzag wave B [Trading itinerary for 3 weeks] Short

Australian Dollar/New Zealand DollarFXCM

Description

Beginners using Elliott wave are welcome to trade this. Price action is not so bad. Stick to the sched or get burnt.

This trade hit TP1


Still, nothing is guaranteed although I'm confident with this analysis as I took account of horizontal and diagonal resistance this time. My old analysis strictly used fib projections and not S/R lines and trend lines. I try to project fibs if I have absolutely no clue where price is going so it was disastrous for me.
Comments
shevectorie
As you can see from my adjustments made because of the spike, I put my possible entry at the trend line. Here it is.
shevectorie
Another official short term entry with small SL
shevectorie
Sorry here it is again. The entry and SL can't be seen.
shevectorie
Update because of the spike:
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