Update on charts

No time to write.. so just charts for now... but some food for thought.. the US Debt Ceiling is still due. A reversal is not too far away. More later.

EURUSD - Wolfe Wave Update

USDJPY - Wolfe Wave Update, In Play

Dollar Index - Now in the 'Sweet Zone'

AUDUSD - Wolfe Wave Formation

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.

EURCHF, GBPCHF - Trade Closed.

EURCHF trade has been closed. The reason being that upon re-drawing the Wolfe Waves, I noticed that the price had already peaked. Refer to the chart below for reference.

To Summarize:

Entry: 1.22689
Target: 1.2314
Closed at 1.22982

GBPCHF Trade got stopped out. Stop was moved to 1.42250.