ICX/USD Long

9 nov 2019

Looks Like we have ha a re-test of the break out of the falling wedge. Could be a 1-2/ 1-2 wave, just about to enter the 3-3. The are alternatives that we are still in the second wave correction. We could be finishing the C wave (3-5-5) or may have just started the first wave of the C wave. Either way 0.1570 (.5 fib) and 1520 (.618 fib) are good entries with stops at 0.1470 yes that's a big draw down of 6.5 % if you are entering at the 0.1570 range or a ~11% if you enter now, so size appropriately (10% of account is ~1% risk). R:R ratios from the 0.1570 entry are at around 0.22 for the 3rd wave (R:R=7) and 0.29 for the 5th wave (R:R=13). So if you get the .618 entry you'll have a better R:R. or if entering now at 0.1653 R:R is 3 and 6.9