The Aussie was over bought in 3 different currency pairs starting early this week, and the wave count and my proprietary indicators signaled a reversal was coming. Waiting for a break above the channel proved wise last night because if I were to have just entered at the market last night the final sharp dip lower would have stopped me out and I would have missed the trade. After two failed trades I finally hit it with +130 pip profit, when averaging my entries.
PREVIOUS POST CLOSING POSITION:
I'm closing half position and moving profit target down to 1.4900 and stop loss up to 1.4760 on remaining position.