Trading_Jazz
Long

(2h) Completed ABC at 127% extension // Bearish Cypher @07754$

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
FX_IDC:AUDUSD            

Entry @127%
Stops below the 161%
First target the 38% of ABCD
Second target the 61.8%



Safe Trades;
https://open.spotify.com/track/30iO73aUNurXpADf46qxHS
Hey mate, so your SL is at .7440? Thanks!
Reply
below the 161% extension, but it should be set according to your risk management strategy. This is according to "the manual". ABCD pattern once completed @127% extension, it can not close below the 141% that will invalidate the "default" pattern, so recommend an SL below the 161% extension.
+1 Reply
SkyrEk Trading_Jazz
Alright, thanks mate! Will be monitoring on this counter trend trade :) safe trades to u.
Reply
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