I posted this trade 6 days ago:
I am short-closing all LONG positions on this trade and taking +248 pips profit. Reason I am short-closing it is because it is 6 pips from the target which would be the bat pattern completion and the upper trend line of the expanding triangle pattern. Besides, it's only a 6 pips difference.
Now I'll be looking for prices to exhibit bearish price action to go SHORT for the wave 5 back down as per my most recent analysis (see Related Ideas: "QUICK ANALYSIS: AUDUSD: Updating Wave Count + Recent Trades"). But for now, I'm on the sideline and waiting for bearish price action.
I am short-closing all LONG positions on this trade and taking +248 pips profit. Reason I am short-closing it is because it is 6 pips from the target which would be the bat pattern completion and the upper trend line of the expanding triangle pattern. Besides, it's only a 6 pips difference.
Now I'll be looking for prices to exhibit bearish price action to go SHORT for the wave 5 back down as per my most recent analysis (see Related Ideas: "QUICK ANALYSIS: AUDUSD: Updating Wave Count + Recent Trades"). But for now, I'm on the sideline and waiting for bearish price action.
SPECIAL Report on the S&P 500. Read it here. It's FREE: bit.ly/2KGJ409spx818
Mailing list: bit.ly/2iNieEY
Facebook Group: www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: www.efxselect.com
Mailing list: bit.ly/2iNieEY
Facebook Group: www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: www.efxselect.com