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minthooka
Jun 29, 2017 3:39 PM

AUD USD Long until 7725! Long

Australian Dollar/U.S. DollarFXCM

Description

I'm not in this trade, but it played out perfect and I did not see it until now. Perfect elliot where wave 3 is exactly 1.618 of wave 1 and wave 4 with a perfect retracement. Wave 5 will reach the 7725 mark which is also around the horizontal resistance. I would not trade the ABC downward correction unless I see better signals.

Trade closed: target reached

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Smokwawelski

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