Steve Griffiths
07-12-2005, 09:57 AM
Hi Everybody,
Here is another great example of an MTPredictor trade on a dialy FOREX chart of the AUD/USD.
An ABC correction endeed on Jun 21, with the reversal (red bar) off the typical Wave C WPT (resistance zone). A short trade was entered, and the AUD/USD declined nicely.
This trade was stoped out for a return of approx 4.6x the initial risk (ignoring spreads) at the first profit target.
Daily FOREX charts can be great to trade when the patterns are as clear and nice as this one.......
Steve
Here is another great example of an MTPredictor trade on a dialy FOREX chart of the AUD/USD.
An ABC correction endeed on Jun 21, with the reversal (red bar) off the typical Wave C WPT (resistance zone). A short trade was entered, and the AUD/USD declined nicely.
This trade was stoped out for a return of approx 4.6x the initial risk (ignoring spreads) at the first profit target.
Daily FOREX charts can be great to trade when the patterns are as clear and nice as this one.......
Steve