Based on AB=CD And Gann Analysis, It's a potential short position for 300 pips.
TP & SL are mentioned in the chart.
If anyone wants to get in this trade from 1.10550 - You can still catch 130 pips (TP1),however there may be a slight pullback.
It is recommended to go with a small lot size if you want to get in this trade right away.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
TP & SL are mentioned in the chart.
If anyone wants to get in this trade from 1.10550 - You can still catch 130 pips (TP1),however there may be a slight pullback.
It is recommended to go with a small lot size if you want to get in this trade right away.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
I am in this trade from 1.14130 and My first Position is already in 453 Pips Profit . When I posted this chart I mentioned 2nd entry range which starts from 1.11650, It was activated on 07/14/2016 at 1.11648.
Partial profit taken at 1.09600 - 205 Pips for Second Entry & 453 Pips for First Entry.
If you are following this idea, I would suggest to Move Stop Loss to BE or Preferably 100 Pips Profit, if you want to continue with the trade.
Good Luck !
Don't forget to like if you have followed this idea and made a profit. :)