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.
That was a nice quick gain, let's see if this pair can continue to the final target.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
No comments:
Post a Comment