Why are we entering?
- Expecting USD strength and AUD weakness = AUDUSD SHORT
- In wave C = 5 waves. In wave 2
Entry
- Safe Entry: Watch for ABC correction - WFB on wave C
- Risk Entry: Rejection of fib level (and descending trendline)
Once entered, where will our Stoploss be?
- above invalidation structure
Where do we take profits?
First TP: 0.68 (150pips)
Second TP: 0.67 (250pips)
Third TP: 0.65 (450pips)
- Expecting USD strength and AUD weakness = AUDUSD SHORT
- In wave C = 5 waves. In wave 2
Entry
- Safe Entry: Watch for ABC correction - WFB on wave C
- Risk Entry: Rejection of fib level (and descending trendline)
Once entered, where will our Stoploss be?
- above invalidation structure
Where do we take profits?
First TP: 0.68 (150pips)
Second TP: 0.67 (250pips)
Third TP: 0.65 (450pips)
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