AUDJPY - Waiting for pullback to go SHORT
I took this trade based on Daily TF as I saw multiple inside bar trade setup after a period of consolidation.
However, when I went to 4H TF, it seems to be W3 of an impulse wave. I took partial profit of the trade.
Now, it seems W3 is complete and I will wait for W4 to be completed . I will go short after further confirmation.
However, when I went to 4H TF, it seems to be W3 of an impulse wave. I took partial profit of the trade.
Now, it seems W3 is complete and I will wait for W4 to be completed . I will go short after further confirmation.
Kommentera:
W3 does not seem to be completed...waiting for the pullback
Kommentera:
In H4 time frame, the price did not retrace to the desired level, hence could not take the short position. However, in H1 time frame, it seems to be a completion of impulse wave and the correction phase is in progress. Will go for short after confirmation..
