AriasWave

AW AUDUSD Analysis - My Count Was Wrong But I'm Still Long...

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
I was wrong about the count, but I could still be right about the trade.

My stop has not moved from the lows, and I still expect a move higher.

I never let a bad count get in the way of profits, besides this trade could last a while if it works out.

We still need to see a break of 69 cents for the proper confirmation to occur.

Keeping it simple from here on out in this count without all the 1-2 subdivision nonsense.

Remember to use Disciplined Money Management Principles to ensure longevity as a trader.

If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?

Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.

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