Long AUD/USD
Updated
Hello guys
Today I took this position as well. pretty good R&R.
I am looking for 5 wave to the upside to finish the wave (v) .
Note that there is an alternative count for this pair which is we already have the 5th wave near the top at 0.7295 and then have 3 wave declined from the top to form the Wave A and the next possible move is also to the upside to print wave B...
If price manage to go below 0.7203 then this position should be closed.
With the RBA Rate statement coming tomorrow this set up is good enough risk for me ahead of the RBA.
Good Luck
Today I took this position as well. pretty good R&R.
I am looking for 5 wave to the upside to finish the wave (v) .
Note that there is an alternative count for this pair which is we already have the 5th wave near the top at 0.7295 and then have 3 wave declined from the top to form the Wave A and the next possible move is also to the upside to print wave B...
If price manage to go below 0.7203 then this position should be closed.
With the RBA Rate statement coming tomorrow this set up is good enough risk for me ahead of the RBA.
Good Luck
Note
My stop loss has been triggered I had to open new position. if you are in the market target is 0.7295 or atleast wait for one more push to the upside.Good luck
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