Both DX and EurUsd are now out of the Target Box.
Mission accomplished!!!!!
-------------------------
Now, can they go back into the Target Box?
Remember the 2 configurations of wavecounts I provided in 2 charts?
Well, one of those configs still suggests that this downwave might be only a wave 4 within wave C - this would mean that we will challenge
the 50% Fib once more and maybe even exceed it.
How can I eliminate this possibility?
Well, if the current drop retraces more than 38.2% or 50% then that thought is forever gone because a 3rd wave rarely retraces that much.
But anything less, which is where we are at now, leaves that option still in.
So its a wait and see.
For guys playing with the milk money a good STOP technique is the bar by bar approach in a runaway market.
Place STOP above the previous 1H bar, about 1% or so above the high of that bar. You're already in big profits so don't be miserly about giving back some. Lucrum, who is on the other side of the trade has the right to be able to pay his rent, too.
