EURAUD long after wave 4 pullback
Analysis:
I've seen EURAUD trade out of its downward channel.
It has created a wave 1, 2, & 3
Hypothesis:
I am looking for a wave 4 pullback to the purple box, where I have indicated by the blue arrow.
Price should bounce from this area and create its wave 5.
This wave 5 will be the final wave 5 of the LARGER Wave 5. (So can be either weak, or extended)
If an extended wave 5 ensues, the target specified will be a safe bet.
Risk Management:
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
I've seen EURAUD trade out of its downward channel.
It has created a wave 1, 2, & 3
Hypothesis:
I am looking for a wave 4 pullback to the purple box, where I have indicated by the blue arrow.
Price should bounce from this area and create its wave 5.
This wave 5 will be the final wave 5 of the LARGER Wave 5. (So can be either weak, or extended)
If an extended wave 5 ensues, the target specified will be a safe bet.
Risk Management:
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
Transaction en cours
This trade is liveTrade fermée manuellement
After 1:1 exit and stop move price has come back to hit SL at breakeven.Trade Result: +1/2 R
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.