looks like 4th wave complete at 91.50
possible entry on wave 2 retracement to 92.50 area for run north to parity ?
risk limit 91.50
4th wave has printed bull flag
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looks like 4th wave complete at 91.50
possible entry on wave 2 retracement to 92.50 area for run north to parity ?
risk limit 91.50
4th wave has printed bull flag
Hi DB
Not sure about parity, but certainly looks like Aussie could
be north bound to around the .9650-.9900 zone (red box).
Blue line is critical if the EW wave is correct.
rgds - arco
Big fall today, but the action is still currently holding above
the critical EW count line shown on the last chart. (Must
stay above .9100)
I managed 100 pips off a one order last week but the balance
got stopped on Friday night at +50
she'll be right
A 3c trading range for the day, and still holding above 91 although currently on its low of 9155
took a long on this one , market all over the place but when such a good risk reward trade comes along you got to take it
91.00 is the big line in the sand for two reasons
refer back to daily chart the internal count i ii iii iv v would be expected to correct to bottom of iv 91.20
4 wave can not enter territory of 1 again around 91.00
so worth a punt risking 70 pips for many
interesting developments on this one
got stopped out for a +100 first time around
have re entered another long at 91 40 , sl 90 70
the low today hopefully of wave 4 breached wave 1 by 10 pips , this is a very contentious issue but general wisdom seems to allow a small intra day breach
so stick with bullish count but certainly looking at other counts
time will tell as it always does
top in at 95.00
bearish count should take it down to 86 ish
stopped out for -70
Hi DB/Steve
With the break of the "critical" point shown on
my last chart the plot started to look like a possible
'truncated' 5th.
Being unconvinced re the long I left a
short order on at .9105 after dinner which
is currently +109
arco