Just minutes before the ECB press conference I realised that the euro vs dollar currency pair was showing a pattern that we trade very often.
All the while it was clear to us that the D1 chart had a an open gator. But what was more important was the eWave pattern. It was within what we like to call "the Structure". More on this inside the AIMS Members area.
We like to trade the 60 min chart specially when the D1 chart is within the structure. We apply the Setup method to take advantage of it. Below we took charge of our decisions , trading or tarding decisions. It was a pretty good outcome in the end. Over 7% just for one trade that last less than half of a day. Now that's what we call "trading business". Not working. Just trading.
So here is the first picture I shared in our AIMS Skype Live Trading Room.
|#eurusd #ecb #rates decision Possible 5th wave up.|
Important Note: The Wave analysis showed possible move upwards. And it did. no you don't have to draw those number everytime. I do those for the members to learn. one you understand the concept you won't need to consciously be doing this all the time.
|EURUSD ECB News Analysis. WE shared this picture in our Live Skype Trading Room|
It was followed by a nice sharp move in the intended direction.
|Live Trade Picture of the trades we took on eurusd|
|with 235 pips profit banked scooby is pretty happy|