UPDATE #1: TRADE: AUDUSD: BUY@0.70000 MAJOR TREND CHANGE! Wave 5

With this pair continuing to decline, I have set a firm S/L at 0.69489 which is at the very limits of a possible Cypher C point. If prices surpass this point, then I will be out and will be waiting for another signal to trade short or long.

I have said that if 70 cents did not hold, then 60 cents could be targeted. And it is starting to look that way. But I will stick with my plan for now.

*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!

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