Its been a while since I posted a new trade. Here we see the AUDUSD 4 hour chart and the formation of a Wolfe wave. Its still in the early stages so there is a good wave to ride.
I have placed a sell order at 1.03060 with take profit at 1.02034 and stop loss at 1.03335 (the point of wave 5). All in all, this trade looks to be quite interesting, given that the potential profit to be made is 1026 pips with risk at 275 pips.
I'm expecting this trade to close around the 17th of March.
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