Trending at a potential 3 wave extreme. Watching for an ABC correction. if they decide to correct that way...a sideways move could also trigger us long. With the Aud at resistance and the Yen looking to break out of consildation. currently, in a larger symmetrical triangle, a closer look also shows it in an ascending triangle favouring a break out to the upside. That helps our bias to the down side on this pair.
IF it develops. I will be looking to trade the B-C leg to completion. Then long.
IF it develops. I will be looking to trade the B-C leg to completion. Then long.
Trade closed: target reached:
looking for long opts