I'm in it now considering dollar index but I have a better position. looking to go up another wave
Commento:
right now my stop loss on Ucad is 1.28255. My longer target is 1.3069. These may change. The main point of this trade is because I've seen Ucad do this before. Doesn't touch trend line and shoots for wave 5 and no one feels comfortable trading it because the setup looks like crap. It may go sideways and make a correction, we have oil news tomorrow, but I am looking for it to keep creeping up, or go sideways, fake the sell tomorrow when oil news comes out and shoot up to finish wave. The dollar is slightly bearish, but the index may look like a head and shoulders for sell, but it is corrective, looked like it was making a consolidation for a buy, which it is poking below the trend line of that consolidation as I type this.
Commento:
I mentioned I took profit on everything including this, this morning.