$EURUSD A textbook example of impulse wave

I really should not have exited from my short position from 1.4410 this morning. It was 72 pips profit when I exited at 1.4338.

I was caught up in the sluggish move in 15min chart, but it continued to move down from 1.4338, and I thought I need to continue on the short position.

It was actually almost at the end of purple .iii when I re-entered, and of course, the bounced back as it entered to purple .iv wave.

Probably it is going to give me just 30+ pips profit, but I decided to stay in the market for .iv formed a typical triangle (blue underlined A-B-C-D-E), and it a clear indication of continuation of the trend after .iv correction.

So, here I am looking to  take profit into 1.4270.


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