AUDUSD - Wait for pullback before buying (or short it)

Wait for pullback before buying !

Price is finishing a 5waves move up, so, now should make a 3waves move lower.
Each of the moves lower are composed as 5-3-5, as drawn in blue.

Alternate count suggests we are in a Expanded Flat, in wave ((b)) wich, ideally, should not go above 0.7356 (1.382 Retracement) and preparing for ((c)) lower.


Trade Setup for first count :

* Entry : Wait for pullback to 0.618 Retracement.
* Stop : last low.
* Target : to be determined (around 0.74 to 0.75)

Bình luận:

Alternate count not valid because the ((b)) is not a 3waves move.

Bình luận:

Gap at market opening. Price has a tendency to fill it.

Bình luận:

Gap was not filled, but we got a better entry at the 0.618 - 0.786 zone.
65pips down already.
Keep an eye on the target zone.

Bình luận:

Shit ! Wrong post.
Update :
+87pips already.
Move Stop to 0.7278.

Bình luận:

Price missed the Stop by 0.1pip !

Giao dịch được đóng thủ công:

Taking profits at 0.7253 because I think the Stop will be touched anyway so better take some more pips right now.
+53pips

Bình luận:

Now wait for pullback to end before starting to build up longs again.