So far so good. I am actually thinking to increase the position once it goes lower than 0.9686 (.3)
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I think it was a good decision to close AUDUSD short position. Soon after I closed the position, it bottomed, and now I see a clear rebound of .2 wave on the daily chart:
On 3 hours chart, I can see C wave now is about the length of A within .2 wave. .2 may be ending soon if my view that AUDUSD is still in IV wave is correct.
I will sell AUDUSD if 1.0222 breaks down. I did not close position in March and there were no other trade. So Q1 was flat. I initiated the AUDUSD short position on March 29 along with my mid term view explained in the previous post. It’s been 10 days, and I closed all with 0.95% gain. I had expected AUDUSD to accelerate the downfall but what we actually saw was a non-impulsive move:
I’d like to think .1 a leading diagonal wave. If I am correct, I will have a .2 correction before speeding the downfall to .3. |
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