UPDATING 2 LONG trades (+464 pips so far)

FX:AUDUSD   Australian Dollar/U.S. Dollar
962 8 16
I am updating the 2 LONG trades I have on this pair here:

1. Bought @0.70011 (see Related Ideas: "TRADE: AUDUSD: BUY@.70011 Waiting wave (B) Finish. AB=CD Done")
2. Bought @0.69497 (see Related Ideas: "TRADE: AUDUSD: BUY@0.69497 G-Zone Reversal + C Point of bat")

You can see both trades in Related Ideas section. So far, these 2 trades have gone EXACTLY as hoped for and prices are fast approaching my first target which is the completion of the POTENTIAL bearish cypher #2. The cypher #1 was already completed and I removed it from the chart for clarity. That cypher #1 yielded +374 pips already. You can see that cypher in action if you want for reference (see Related Ideas: "CLOSED TRADE: AUDUSD: SELL@0.72750 TP1 +2 Hit (+374 pips)").

Sticking to my plans on both these trades as I believe there is more upside to go yet.

Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.

a year ago
well done!
EverythingForex PRO Willpower87
a year ago
It's not done yet! But thanks. Hope you got some of this!
Willpower87 EverythingForex
a year ago
Had a holiday last week, didn't catch this one, but will keep an eye on it. This pair is testing resistance now, see how it goes. I'm inclined to short.
Hi Mark - can you please share your updated wave count for the pair. This ongoing bullish wave has had me totally confused. Although, I am very bullish on the pair, but I was expecting it to correct before making such a huge bullish move above the 0.7175 level. What is your expectation regarding an upcoming correction in the pair on a smaller timeframe?
EverythingForex PRO Navdeep_Singh
a year ago
Hmmm....did you post on the wrong post? Who's Mark?
Navdeep_Singh PRO EverythingForex
a year ago
Hey, I am sorry. I was under the impression that your name is Mark. Apologies.
a year ago
how do you think nzdusd?
EverythingForex PRO Rayge
a year ago
Sorry, I am only posting on the majors here.
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