Pipster, if you are ever in a position where you are hoping a trade doesn't wipe you out...you are "over leveraged"...money management is key to being successful in Forex.
My EW Counts Show AUD as Done..(final move taking place right now)
1) EUR/AUD showing ending diagnol on last wave down. 2) You have made your case on AUD/NZD 3) Gbp/Aud finishing final move down. 4) Gold done on the upside.(1126 Strong Resistance) 5) Equities making final Push. (Should not Cross 1150) 6) Aud/Usd Last Move (Stopping Range .9150-.9230)
Simao, maybe you made a typo in your comment, but just to clarify:-
If you agree with Ashraf of 1.3850 being Resistance in Eur/Usd and you want to take advantage of the big move down, then you want to SHORT Eur/Usd so you need a SELL Limit at 1.3850
I agree with Pippedoff we're done on the upside...In my Previous post i mentioned one final push in gold above 1130 (max range allowance 1140)...I'm sticking to this... i believe we're going down to 1020 from here. (if we turn out to be wrong and we close above $1,140 then we might see 1165 before we see 1020; i would manage my positions accordingly!!)
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My EW Counts Show AUD as Done..(final move taking place right now)
1) EUR/AUD showing ending diagnol on last wave down.
2) You have made your case on AUD/NZD
3) Gbp/Aud finishing final move down.
4) Gold done on the upside.(1126 Strong Resistance)
5) Equities making final Push. (Should not Cross 1150)
6) Aud/Usd Last Move (Stopping Range .9150-.9230)
You Analysis would be much Appreciated.
If you agree with Ashraf of 1.3850 being Resistance in Eur/Usd and you want to take advantage of the big move down, then you want to SHORT Eur/Usd so you need a SELL Limit at 1.3850