This is a risky trade - but since I'm already in it I had to write about it
I exited my long in anticipation of a C wave back up towards 113.10 level where I will short again with a stop at 113.40
The trend really is down and the next move will be a wave 3 to the downside in wave E of the weekly triangle towards 107 level.
In hindsight I probably should not be in this trade but rather should have just let the short run..
Entry is 112.50
Stop is at 112.30
Take profit is 113.10 and reverse at this level
I exited my long in anticipation of a C wave back up towards 113.10 level where I will short again with a stop at 113.40
The trend really is down and the next move will be a wave 3 to the downside in wave E of the weekly triangle towards 107 level.
In hindsight I probably should not be in this trade but rather should have just let the short run..
Entry is 112.50
Stop is at 112.30
Take profit is 113.10 and reverse at this level
Trade closed manually:
Exited long with 40 pips profit and reversed