AUD/USD Week 3

1st Trade

a wave 5 of 3, entering abc correction or wave 4 (4 hour chart), ok totally forgot the 15 min chart, it looks like wave 5 of 3 is not ending yet, it's possible that Aud still goin up...

anyway already sold @ 0.9323 (bdb), protective stop loss @ 0.9323 (one tick above bdb high)...

Target: Closing the gap







Close 1st Trade

 
hit my stop loss (previous 5 bars high), total loss 15 pips













2nd Trade

15 min chart ao and price divergence now, a possible end of wave 5:3, entering abc correction wave 4.. we'll see...

Another bearish divergent bar
Sell at 0.9328, Stop Loss at 0.9338









Close 2nd Trade

stop loss was hit again, total loss of 10 pips

strong up trend indeed

no worries, i believe the trend will end soon :)





3rd Trade

Break down fractal

Sell at 0.9323








Close 3rd Trade

hit stop loss (previous five bar high)
total loss of 24 pips








Chart Update (no position)

this chart reminds me to always protect my loss...

new zealand and australia, strong up trend indeed...

didn't see the up fractal breakout there, a saddle point as well... :(
just missed an opportunity, no worries, there'll be plenty of opportunities, for now just wait and see...a possible bearish divergent bar there...