dojitrader
Long

Big Dipper Now A Little Dipper ???

FX:EURGBP   Euro Fx/British Pound
44 1 0
Ending Diagonals in Pairs ~~~~~
I suppose. I can figure several wave counts
to support or not another ED.
Drilling down it looks like all that is needed
is one more 3 wave thrust into the trend line and last gasp
support around .8160/70
Drilling down on the 4 hr             chart ~~~~~~
https://www.tradingview.com/e/87zqh70w/
ED's are my favorite, but, I always need the candlestick's
to help with the trigger and stops.
Entry area at support and well defined risk is a plus
for an unambiguous entry potential.
(an extra treat would be a little RSI divergence)
dojitrader
2 years ago
Interesting how the sharp reversal occurred right about my stops.
I still need work on stops - a never ending education.
I did not trade this when it seemed to fall apart at the last.
Yet, it did yield a nice, albeit, huge 5th wave over throw and then,
a sharp reversal as would be expected.
If this is/was an ending diagonal it sure wasn't pretty.
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