AUD/USD - Go Long RGHT NOW !!! - Minimum risk/reward 1 : 3.5

2018年10月31日

Price seems to have started a wave A as an impulse.
We are currently in wave 2(black) of wave 3(orange) of wave A (green).
Therefore, buy towards 0.7300, where price will find natural resistance.

Stop loss level : 3 possibilities depending on your risk level.
~ 0.7070 ( wave 2 should end around 0.7078)
~ 0.7510 (orange wave 2 low)
~ 0.7021 ( wave 1 (orange) low)

* First stop : would negate the sub wave (ii) termination point. But not the whole move.
* Second stop : subwave 2(black) should normally not be bigger than wave 2(orange) but can happen.
* Third stop : negates the impulsive wave count.

Make your choice :)



PS : Look at my previous post for the oerall view of the move.

PPS : Comment, like and share;)

2018年11月1日

註釋

Price exploaded for wave 3 as expected giving +135pips already.

Move SL to break-even.
Wave 3 nearly ending, expect therefore a wave 4 lower before one last push higer to end the larger degree wave 3.

2018年11月1日

註釋

Move Stop to wave 1 high so that whatever happens, you still get some pips out of it.

2018年11月2日

註釋

Take some profits.

2018年11月5日

註釋

Wave 3 finished, wait for the corrective wave 4 to end and scale in.

2018年11月7日

交易結束：目標達成

+242pips for first entry
+219 for second one
+85pips for third one
--------------------------
total : +546pips !!!

2018年11月7日

註釋

Now I'm expecting price to fall for a B wave before starting to go long again for wave C.
Short it if you like.

2018年11月7日

註釋

2018年11月13日

註釋

Wave ((a)) finished, now price making wave ((b)), don't get fooled, there will be a new leg lower.

2018年11月18日

註釋

Updated chart :