For those who missed this entry, we had a great Cypher/EW Count trade to first target here:
This completes wave A of the correction. Then, wave-B has on folded into a rising wedge, typically marking the final wave in its degree series. Tight stop placed above base of wave-i-of-C.
PS: This one is a little late, it ran away on me while publishing #WinningTradeProblems. I suggest waiting for a pullback and using this idea to gain some EW knowledge.
Happy Trading!
This completes wave A of the correction. Then, wave-B has on folded into a rising wedge, typically marking the final wave in its degree series. Tight stop placed above base of wave-i-of-C.
PS: This one is a little late, it ran away on me while publishing #WinningTradeProblems. I suggest waiting for a pullback and using this idea to gain some EW knowledge.
Happy Trading!
Trade active
Perfect! Retrace to entry, SL in place:Note
Traders, I am STILL short this pair, however I have cut my position down to accommodate a wider stop (see below) since I will be in a lunch meeting. More updates to follow! I will set to breakeven if recent lows are taken out. Trade closed: stop reached
That's it for me this week on EU. Great net gains for the week. Thanks everybody, see you this weekend. Cheers!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.