Probe Trade taken Will add in more trades when it is on its way up
Fri 13/7/2018 Executed a LONG AUDCAD Probe Trade @ 0.9751
CADJPY 4H price action validated to LONG. Placed limit Order LONG @ 83.10
Reason for Probe LONG trade Pro 1) HA Daily confirmed. 2) Bottom of channel strong support 3) Elliot Daily and weekly support upside turn Elliot Daily #4 (up) Elliot weekly #C(up) Cons 4H Trendline Resistance (expect a bounce) Observe the price reaction along the 4H trendline. Market Execution @ 146.70 Probe Trade
Reason for LONG Reason for LONG Elliot wave Daily #C(up) Elliot wave Weekly 3(up) Daily HA (NT) GREEN Daily HA (MT) GREEN
Reason to SHORT Price @ strong resistance Weekly and Daily Elliot wave at down direction Await for 4H to show sign of sellers in control to execute a probe SHORT trade
Reason for LONG Daily bias direction : LONG Market retraced to 50% fibo and buyers reacted upside. Await for EMA(1) to cross and volume to pick up then placed limit order LONG @ 0.9795
Reason for LONG: Await Elliot wave #3 in Daily Chart for trend continuation Trading EMA (7) cross