AUDUSD Starts Wave (5) Down
From the chart, you can clearly see that AUDUSD has completed Wave (4) to the upside, and started its Wave (5) down.
It is advisable to enter into a short trade near 0.7825, with a stop loss at 0.82, and a stop win at 0.65.
It may go lower, but 3.5 : 1 ratio is good enough. I consider this one of my high confidence trades.
You can refer to my other post from Apr 2017, linked below. Basically I was waiting for this Wave (5) since Apr 2017.
If you like my analysis, please mouse over "larry47" above and click FOLLOW.
Happy trading
--Larry47
It is advisable to enter into a short trade near 0.7825, with a stop loss at 0.82, and a stop win at 0.65.
It may go lower, but 3.5 : 1 ratio is good enough. I consider this one of my high confidence trades.
You can refer to my other post from Apr 2017, linked below. Basically I was waiting for this Wave (5) since Apr 2017.
If you like my analysis, please mouse over "larry47" above and click FOLLOW.
Happy trading
--Larry47
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