AW Aussie Dollar Analysis - We Finally Have Confirmation...
Now that we have a potential Wave 3 in progress, it is a good time to talk about the bigger picture including targets.
Using AriasWave (Not Elliott Wave), I have an understanding of what comes next.
The thing I always tell myself is; If you don't know when to get out of a trade, don't get in.
Targets are very important and can only be confidently achieved if you understand how each wave operates.
One question you may ask is: What if this Wave E subdivides into a Weak 5-Wave Move?
The US Dollar indicates that once this move completes then it will be in a strong uptrend.
This at least gives me a clue about nature of the kind of price action we will see.
In saying that we will be tracking this very closely and looking for any potential signs of weakness along the way.
Nothing is guaranteed but if you play your cards right, you can still pull a profit out of that situation if it happens.
We are dealing with probabilities, not certainties.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Using AriasWave (Not Elliott Wave), I have an understanding of what comes next.
The thing I always tell myself is; If you don't know when to get out of a trade, don't get in.
Targets are very important and can only be confidently achieved if you understand how each wave operates.
One question you may ask is: What if this Wave E subdivides into a Weak 5-Wave Move?
The US Dollar indicates that once this move completes then it will be in a strong uptrend.
This at least gives me a clue about nature of the kind of price action we will see.
In saying that we will be tracking this very closely and looking for any potential signs of weakness along the way.
Nothing is guaranteed but if you play your cards right, you can still pull a profit out of that situation if it happens.
We are dealing with probabilities, not certainties.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
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