AUDUSD Short: The Wait is Over, Free Fall Ahead!
Updated
Hey Traders, it looks as though the correction is complete for this pair. If there is a new high, it will likely be very short lived and a re-entry will be the best option. I have my stop set tightly above highs with low targets around the .747 range. This drop could be swift and powerful, so strap yourself in and enjoy the ride.
Trade active
Breakout!! Order Filled. Tight Stop. Enjoy
Trade closed: stop reached
The wedge has continued! Looking for better entry from top of NEW wedge:Note
Note
Here's where the OPTIMAL entry was on this trade. There's a beautiful cross on two bullish trendlines that added huge resistance to the fifth leg. I missed this one unfortunately, but I entered shortly after with SL above highs. Here is a chart, updates to come:
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