I am looking for a bull rather than a bear for this pair just because we are in the correction. For whole waves count of the bull trend, price seems to form an WXY and we are on wave b of wave Y.
Very nice Analysis, the same with Anil. Do you think can we enter long now?
URIFX
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Dear dexstriker27, I don't have much time to read the chart more detail right now to answer your question. For my first look, right now, I cannot interpret the current corrective structure, so waiting for more development in price action is my solution.
Thanks
dexstriker27
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Thank you very much...
URIFX
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AUDJPY likely to breakout and continue to go down.... Take a focus on this pair! Here is my previous idea:
URIFX
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dexstriker27
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Great! thanks.
FXTrademate
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I sold right after Sydney open on daily chart and saw my profit went from 30 pips to -28 pips now. Any thoughts on this?
URIFX
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Hi FxTrademate, I am too. My profit return zero @protective stop. I think it is a temporary fullback of small profit traders. A bull wave comes only when price breaks the the bear trendline of the current wave. If the current wave is wave 2, it could go deeply to the beginning of wave 1. However, I am staying out of this trade and wait for a buy opportunity.