Price is in a triangle for those last 2 years and is now in the last wave E as can be seen in this screenshot.
After a nice fall, price now retraced enough so that a short position can be opened with confidence.
Entry : 1.132
Stop : wave D high.
Target 1 : 110
Target 2 : 108
PS : See my previous post for the higher timeframe view.
PPS : Don't hesitate to comment, like and share :)
After a nice fall, price now retraced enough so that a short position can be opened with confidence.
Entry : 1.132
Stop : wave D high.
Target 1 : 110
Target 2 : 108
PS : See my previous post for the higher timeframe view.
PPS : Don't hesitate to comment, like and share :)
評論:
If you want a tighter stop, here is one you could consider.
評論:
Wave C finished (?) just now it seems. Divergence confirms this.
Therefore,
Entry : on channel break preferably
Target : 110 to 108 as said before.
Stop : above C @ 113.46
R/R Ratio : > 1:5 !!!
If you are already shorting, consider moving your Stop above wave C.
Therefore,
Entry : on channel break preferably
Target : 110 to 108 as said before.
Stop : above C @ 113.46
R/R Ratio : > 1:5 !!!
If you are already shorting, consider moving your Stop above wave C.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
