EURAUD ANALYSIS
It seems that a Wave 2 Correction (in the Minute Period) is currently in progress ?
I've booked 4x positions. 3x Positions will trade wave#3 only whilst 1x Position will trade all the way to wave#5.
The trade will open, once the (a) correction has completed, (b) the impulse makes a move LONG and (c) the 8 and 34 period EMAs have crossed on the 4Hour.
It seems that a Wave 2 Correction (in the Minute Period) is currently in progress ?
I've booked 4x positions. 3x Positions will trade wave#3 only whilst 1x Position will trade all the way to wave#5.
The trade will open, once the (a) correction has completed, (b) the impulse makes a move LONG and (c) the 8 and 34 period EMAs have crossed on the 4Hour.
Trade closed: stop reached:
TP#1 and TP#2 targets reached, profit taken, thank you very much EURAUD :D
However... SL#3 and SL#4 were hit @ 1.47900, still in profit, but didn't hit TP#3/TP#4.
Happy Trading ! - A new chart analysis will be posted soon. Cheers :D
However... SL#3 and SL#4 were hit @ 1.47900, still in profit, but didn't hit TP#3/TP#4.
Happy Trading ! - A new chart analysis will be posted soon. Cheers :D