July 30th. Sell Limit on Audusd Looking for Wave 5
Just as indicated in the chart, I believe we are at the end of wave 3.
got to wait for its retracement (Wave 4).
My interest is to go on short in the start of the Wave 5.
My SL is at the 127 level of fibo of Wave 3, in case the retracement is deeper
I would possible go for the Sell limit If I can't monitor this on at the 78% to fit the best of my trading plan.
If I can monitor, I would draw a trendline on the retracement (ABC) for a better Entry point, which could be when the trendline is Broken and there is a MacdCross
Att
Jorge Munoz : HappyPips
got to wait for its retracement (Wave 4).
My interest is to go on short in the start of the Wave 5.
My SL is at the 127 level of fibo of Wave 3, in case the retracement is deeper
I would possible go for the Sell limit If I can't monitor this on at the 78% to fit the best of my trading plan.
If I can monitor, I would draw a trendline on the retracement (ABC) for a better Entry point, which could be when the trendline is Broken and there is a MacdCross
Att
Jorge Munoz : HappyPips
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