You can see that price broke out of the ascending triangle pretty neatly. It looks like Waveiii is underway, and since a Waveiv correction is not allowed to retrace below the Wavei high, I am moving my stop to just under Wavei.
4/16/2008
EUR/USD Trade (#5) Long Update
I am moving my stop to 1.5870 to lock in +94 pips.
You can see that price broke out of the ascending triangle pretty neatly. It looks like Waveiii is underway, and since a Waveiv correction is not allowed to retrace below the Wavei high, I am moving my stop to just under Wavei.
You can see that price broke out of the ascending triangle pretty neatly. It looks like Waveiii is underway, and since a Waveiv correction is not allowed to retrace below the Wavei high, I am moving my stop to just under Wavei.
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