Goodmorning traders , happy start to the week with more than 400 pips profit this month and we are still on the second week of the month.
i had to close our position as i explained before for the extreem oversold level the AUD.USD reached and as we r in with only half position so i had to cut it to enter again on a better price level
i cant say for sure yet that it found a floor for little bounce up in wave iv before the 5th down which i anticipate it ll break the yearly lows , but i m posting this chart to share a little possibility that i have in mind for the next short entry point ,,
the correction wave might form various correction pattern and i ll have to wait to watch how this correction will form in waves to pinpoint the best shorting position so (( this chart is just a little idea that will develope with the price action ))
last trade we made what i like to call A PERFECT TRADE , we shorted at a position just 30 pips awaye from the top and we closed the positon at around 10 pips from the short term base it formed before it bounced around 30 pips higher so far as i m writting this post.
so in other words ,, we captrued 98% of this wave down , good push for the month start
i m targeting 1500 pips by the end of the month ,, so lets work hard for it :)
i love to hear ur comments and connect to ur thoughts
Hi Jesus. Any reccomended stops for this current position. Cheers mate
ReplyDeletewell , king ,, we r currently short half position of 82 which is a very good entry , might add if it goes up to 8240 , i dont think we will need sl on that one but just in case , it ll be above 83
ReplyDelete