FX:AUDUSD   Australian Dollar / U.S. Dollar
157 5 9
IF my count is correct price could complete a 3-3-5 flat corrective structure. An aggressive entry could be taken at wave 5 completion of a rare expanding diagonal. Expanding diagonal are not common so count may have a lower chance of being correct. the text book entry is to take the second entry on confirmation of a break of wave 4 low.
I will update if price develops and i take a position.
Comment: Price has moved up into the aggressive short entry zone. Im not taking position yet but will post update if i do. Waiting for sign of reversal first.
Comment: position taken
Comment: Taken profit target 1. stop moved even position 2
Comment: Possibility to add to short position here
Comment: Stopped out even on second position
watch and see from here.......... may get another entry.
same view again : ))
+1 Reply
tst wsbza
Yeah ! exactly what im seeing. If this plays out EW truly is a great trading tool.
Reply
awesome trade, keep it up.
Reply
tst JonnyLA
Thanks, hope i can milk this second exit
+1 Reply
same plan : )
+1 Reply
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