Everything appears to be going according to plan thus far. I am moving my stop to above where I believe Waveii has ended. Waveii formed as a triangle, and since triangles often precede the last move in a trend, there is a possiblity that the decline through 1.5680 could be Wave-c, in an abc correction from 1.5772. If this is not the case, and Waveiii is starting, I will again trail my stop to just above 1.5680.
4/06/2008
EUR/USD Short Trade (#3) Update
Update at 9:49pm CDT, 4/6/08: I am moving my stop to 1.5745 to lock in +20 pips profit.
Everything appears to be going according to plan thus far. I am moving my stop to above where I believe Waveii has ended. Waveii formed as a triangle, and since triangles often precede the last move in a trend, there is a possiblity that the decline through 1.5680 could be Wave-c, in an abc correction from 1.5772. If this is not the case, and Waveiii is starting, I will again trail my stop to just above 1.5680.
Everything appears to be going according to plan thus far. I am moving my stop to above where I believe Waveii has ended. Waveii formed as a triangle, and since triangles often precede the last move in a trend, there is a possiblity that the decline through 1.5680 could be Wave-c, in an abc correction from 1.5772. If this is not the case, and Waveiii is starting, I will again trail my stop to just above 1.5680.
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