Analysis for AUDUSD

Hi

This is is a high potential trade. Very low risk, and high reward.

This is the end of Wave 4 correction. This strategy includes 3 targets. The first 2 are marked. The third target is for long term (till the end of wave 5).

Entry @ 0.75900
Stop loss @ 0.75500

First target @ 0.76500
Then move stop loss to breakeven

Second target @ 0.76950
Then move stop loss higher to make profit.

Third target is a long term, and it will go above 0.80000


Manage your money and risk. Don't put more than 3% of your entire capital.

Happy trading,

Trade attivo:

We reached the first target, and closed 1/3 of the position. Now, we move stop loss to breakeven and wait for the second target.

Trade chiuso: stop raggiunto:

Unfortunately, the market went down to stop loss. We made profit from the first target, and then we moved stop loss to breakeven. So, this is considered a good trade. Not as we hoped, still a good trade.

All my analysis indicates that this is the end of wave 4. Stay toned, I will come again soon to trade the AUDUSD.