Short term Aud Short

Atualizado
Daily bear candle
5 wave decline for wave 1 of possible 4
Entered short at market at .7245
Stop is .7305
Target is .7190 minimum depending on how impulsively this move drops down as its possible wave C up is complete and we're going down towards .7000


Nota
After a gap down at open we've retraced the gap and then some. It's leading me to believe theres still a fight between buyers and sellers typical of a 4th wave. Still I think it should go down some more towards .7186 where a=c minimum.

snapshot
Trade fechado manualmente
Well, I was dumb and cancelled my TP at .7187 which was pretty much the exact bottom of the swing. Instead I moved my stop to .7198 and it got hit. Technically we could just be moving up in wave 4 and another swing down back into my target zone but I still think there is a bigger leg up in AUD so I guess Im staying out for now. Lesson learned, don't cancel you TP levels and just let your trade play out once your done with your analysis

snapshot
Wave Analysis

Aviso legal