glennmercer
Short

EURUSD Short: Second Entry for Those Who Missed It! Huge R/R

FX:EURUSD   Euro Fx/U.S. Dollar
2 months ago
For those who missed this entry, we had a great Cypher/EW Count trade to first target here:

EURUSD Short: EW Count Update - Cypher Complete!

This completes wave A of the correction. Then, wave-B has on folded into a rising wedge, typically marking the final wave in its degree series. Tight stop placed above base of wave-i-of-C.

PS: This one is a little late, it ran away on me while publishing #WinningTradeProblems. I suggest waiting for a pullback and using this idea to gain some EW knowledge.

Happy Trading!

2 months ago
Trade active: Perfect! Retrace to entry, SL in place:
snapshot
2 months ago
Comment: Traders, I am STILL short this pair, however I have cut my position down to accommodate a wider stop (see below) since I will be in a lunch meeting. More updates to follow! I will set to breakeven if recent lows are taken out.

snapshot
2 months ago
Trade closed: stop reached: That's it for me this week on EU. Great net gains for the week. Thanks everybody, see you this weekend. Cheers!
Follow me on twitter: @gmercerfx
Shoot me an email: gmercerfx@gmail.com
BorisMisale
2 months ago
Thanks your amazing !
+1 Reply
glennmercer PRO BorisMisale
2 months ago
Thanks Boris, cheers
Reply
Chris_Zhuang
2 months ago
Nice!
+1 Reply
glennmercer PRO Chris_Zhuang
2 months ago
Cheers Chris!
Reply
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