AUD/USD has just completed minute Elliott Wave cycle marking turning point into the minor expanding wedge :22:
On simple language #MegaLongMe :53: #AUD
Enter long: at market ~1.0290
Stop: 1.0242
target1: 1.0371
target2: 1.0429
target3: 1.0476
You can vote for my AUD/USD (long) trade ,as trade of the week here Voting: Trade of the Week for April 29 to May 3, 2013 | Forex Blog: Espipionage
my trade from last week didn’t qualify because of “wrong title”
but DID EARN +200 PIPS 
check it out: http://forums.babypips.com/readers-choice-trade-week/53310-gbp-usd-cashing.html (expired)
well fellows ,…those of you who took the trade with me
target1 has been reached in roughly 48 hours ,…
take 1/3 out and move your stops to BE (break even)…
Cheers
no worries fellows ,…
for the late longs who saw this thread already rolling ,this is the price level to be …
ab=cd will further validate the unveiling pattern and reach out target2 above 1.04 as previously set …
Only immediate plunge under 1.02 will be able to change the prospective and put us in other structure overview …
Cheers at EmanuilValkov
Yeep …expanding triangle it is rear “corrective wave” formation , meaning that is relatively safe to assume (being completed) ,
further upside will follow over the next 2-6 weeks.
However ,
Having in mind the magnitude of the next big move in the cable coming up by end of 2Q13
Its hard to imagine #AUD not effected at all,
So keep an eye on the sentiment mainly towards #USD
Central Bankers have came out with a lot of nonsense recently,
so fundamental picture is a bit blurry
Cheers
at EmanuilValkov
Well …well…well…
For the sake of PROFIT. …
I’m keeping the longs rolling into the next week …
Cheers everyone
at EmanuilValkov
Here it is fellows …
Looking for the RBA (Reserve Bank of Australia) to hold up the rate
and those babypips will begin cashing in … YEEEAA
#MegaLongMe #AUD
Cheers atEmanuilValkov
I saw ur post too late, missed the trade entry last week…
just a question… you set your stop to BE…
are you out of your long already?
thanks
For now , yes .
The current price action has just placed a marginally new low which is characteristic for “expanding flat” type of correction ,
,however , I still haven’t seen a pair to bounce up right-on after rate cut ,
so the best strategy is to keep an eye until the formation matures. (chart to come soon)
There is money to be made on both sides of the river
Cheers at EmanuilValkov
looks like after Syria got out of the internet landscape ,next will be Sweden ,…
no connection on my desktop ,… can’t load the trading station (to make a snapshot of the chart) ,… courtesy of #comviq
simply - BEAUTIFUL
the expanding triangle from last week worked out pretty well and since it is already matured,
new longs are coming on the horizon.
the structure you see is called “expanding flat”.
a frequent A-B-C/3-3-5 corrective wave (Elliott Wave Theory)
I am currently holding a #MegaLongMe:
enter ~ 1.0175
stop - 1.0145
target1 - 1.0245
target2 - 1.0315
target3 - 1.0419
Over a medium term ,
the confluence of several corrective structures suggests that flattening and intention for change of direction are highly possible as we get closer to the nearby “double bottom”-1.0112
Only daily close under that level could undermine the legitimacy ,as a corrective waves can not retrace more than 100% of the impulsive wave :22:
Cheers (at)EmanuilValkov
