UPDATE #2: TRADE: EURUSD: SELL@1.12720 Trying to catch a wave 3

Now that this trade is firmly moving in the direction I'm anticipating, I just wanted to update this trade to include my possible TP's. As prices reach the TP1, I will evaluate the price action and update the wave count to see if I will take any profits at that point or let the whole trade ride. When prices reach the TP1 and also the bottom TL, there could be some kind of reaction so I'll be looking for that. But I am expecting that prices will continue to decline in this pair for now. But keep in mind that for the LONG TERM, I am still VERY BULLISH and will be looking for a large wave (C) to commence once prices have reached the completion of this crab. But I'll deal with that whenever that happens......

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.

İşlem kapandı: durdurma seviyesi:

SL on this trade was reached so trade is closed for a -20 pip loss. My wave count has been proven wrong so now I will need to re-analyze and see what is going on and why my wave count was wrong.