porden

Aiming for fifth wave

Long
porden Updated   
OANDA:DE30EUR   Germany 30
Im not convinced that we already have the five wave elliot structure, I think we should aim for the fifth wave.
based on:
Elliot wave structure
MACD Histogram inepratation for elliot
Comment:
Moving the Stop loss to right below the resistance level
Comment:
Managing the position with laddering. In my view the downside is not strong enough
Comment:
Divergence on MACD and RSI
Comment:
Broke the 55 EMA to the upside
Comment:
I think there still is at least one more wave up. moved my stop loss to 749 and tp to 840
Comment:
Are we in a smaller subwave of a larger wave to make the fifth wave?
Comment:
Close trade at 10881. target nearly reached %1.6 scalping profit in less than 24h
Trade closed manually

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