Analyzing is my work, trading is following my rules. I trade ideal scenario's or let it go. In an average week I only need 3 trades a week for 10% return based on risk/reward, so waiting for ideal scenario's is what I do.
Both EURGBP and GBPCHF are presenting possible ideal scenario's. If not I adjust and look for the next one. Keep an eye on these structures for reversals but be patient.
Safe trades!
Both EURGBP and GBPCHF are presenting possible ideal scenario's. If not I adjust and look for the next one. Keep an eye on these structures for reversals but be patient.
Safe trades!
Comment:
The diagonal wave count has been invalidated. I don't like to adjust the diagonal wave count just yet because the probability is too low for me to trade it. I therefore need more clues before trading these pairs. Either the buy scenario as described or I wait for an acceleration lower and a bear flag consolidation pattern for a sell.
Comment:
EURGBP
Comment:
I'm short from 15min flag, will see what pair (eurgbp or gbpchf) presents the best continuation opportunity to add another position.
Comment:
First target got hit after the minor consolidation we were looking for.
Comment:
Both trades represent minimum targets but there might be more room left so I adjusted stop losses.
