farid_ardavani
Short

Divergence trade: EURGBP end of impulse wave

FX:EURGBP   Euro / British Pound
44 0 3
there is a divergence between price and MACD .
on the lower timeframes you can count 12345 of impulsive wave.
and wave 5 is at 38.2% distance of wave 1 to 3, from end of wave 4. (its typical relation for wave 5)
so it can be a turning point for some correction.
remember as you can see this trade setup is riskier than others, because im going to catch pips in the correction phase and its against overall up trend. and i dont know if it works, how many days it takes to reach to my target because corrections are complex; so if you can't manage trades like that, you'd better stay away from them.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out