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Hello traders and followers
After I had lost some money in Friday, I managed to make profit. It was good until I entered next positions. I am % sure about it but I have entered this 3 position too early. My positions are described below.
Short EUR/USD - I think it is ending second wave. It doesn't matter what direction it will go in medium term. If it is correction ABC then it will go somewhere about 1.13. If it has begun bearish five wave pattern then it would have passed through 1.13. Either way, reasonable level of my TP is 1.13
Long AUD/USD - I entered this pair because of H&S at the end of move, possibility of Double bottom pattern and end of C wave of correction ABC (H1). I have tp placed at 0.7720.
Long NZD/USD - Aussie and Kiwi often moves the same. It is ending C wave of correction ABC now, I have TP placed at 0.6930 but I think, it should go higher later this week.
Good luck on your contests.
After I had lost some money in Friday, I managed to make profit. It was good until I entered next positions. I am % sure about it but I have entered this 3 position too early. My positions are described below.
Short EUR/USD - I think it is ending second wave. It doesn't matter what direction it will go in medium term. If it is correction ABC then it will go somewhere about 1.13. If it has begun bearish five wave pattern then it would have passed through 1.13. Either way, reasonable level of my TP is 1.13
Long AUD/USD - I entered this pair because of H&S at the end of move, possibility of Double bottom pattern and end of C wave of correction ABC (H1). I have tp placed at 0.7720.
Long NZD/USD - Aussie and Kiwi often moves the same. It is ending C wave of correction ABC now, I have TP placed at 0.6930 but I think, it should go higher later this week.
Good luck on your contests.
