AleksanderThor
Short

$EURGBP Short Term

FX:EURGBP   Euro Fx/British Pound
66 4 5
RSI posted a bullish market convention and we have a D1 bullish bias - Therefore shallow target
Comment: We also have a Cypher completing at this level - Not a pattern I trade, but great as an overlay
snapshot

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Hi Aleksander, on the ABC retracement off the Elliot wave being a small retracement i like to see atleast the 162% extension or have my SL above it before i open the trade is this something you thought about? meaning if the retracement was <50% the extension target for short position would rather be 162%? or the probabillity will be higher? just sharing thoughts
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Do you have a chart? :) Let me see if I understand you correctly - 1 sec
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AleksanderThor PRO AleksanderThor
snapshot
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AleksanderThor PRO AleksanderThor
Normally these small corrective waves contains a crab pattern - Therefore I normally wait for the 1.618
snapshot
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