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 ist aktiv
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Perfect! Retrace to entry, SL in place:
Kommentar
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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 geschlossen: Stop wurde erreicht
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That's it for me this week on EU. Great net gains for the week. Thanks everybody, see you this weekend. Cheers!