EURUSD Short: Second Entry for Those Who Missed It! Huge R/R

For those who missed this entry, we had a great Cypher/EW Count trade to first target here:

This completes wave A of the correction. Then, wave-B has on folded into a rising wedge, typically marking the final wave in its degree series. Tight stop placed above base of wave-i-of-C.

PS: This one is a little late, it ran away on me while publishing #WinningTradeProblems. I suggest waiting for a pullback and using this idea to gain some EW knowledge.

Happy Trading!

Trade ativo:

Perfect! Retrace to entry, SL in place:

Comentário:

Traders, I am STILL short this pair, however I have cut my position down to accommodate a wider stop (see below) since I will be in a lunch meeting. More updates to follow! I will set to breakeven if recent lows are taken out.

Trade fechado: stop atingido:

That's it for me this week on EU. Great net gains for the week. Thanks everybody, see you this weekend. Cheers!