After the accumulation and initial thrust
Hey Before looking at this Idea I suggest you look at my previous Aud/usd idea to get a better understanding of how we go there and the next steps ! ! So It looks like this trade hit In the money on 2/4/2020 this is great because it
Confirms a trend reversal
gives us an idea of a new support line to create
lets us anticipate the next move
For my next step I'm going to follow the possible trend based on the possibility that it may follow an elliot wave pattern very closely which means:
We should be looking for another "thrust" upward
A pullback after the second upward "thrust"
This be play out over the next few days so I plan to adjust my stops and closely monitor this pair over the next few days .
Confirms a trend reversal
gives us an idea of a new support line to create
lets us anticipate the next move
For my next step I'm going to follow the possible trend based on the possibility that it may follow an elliot wave pattern very closely which means:
We should be looking for another "thrust" upward
A pullback after the second upward "thrust"
This be play out over the next few days so I plan to adjust my stops and closely monitor this pair over the next few days .
Trade closed: target reached