In that 5 tradesetup only 2 tradesetup will hit the TP and remaining will hit the SL. (if 5 stophits means 5% is loss..till now not happen) So in deep... my risk reward per trade is morethan 2%(1:2 loss 1% and profit 2%) so finally in 2 tradesetup i earn 4% and 3 tradesetup loss 3% remainin 1% is my PROFIT out of 10 tradesetup. So if u follow me u need to take all tradesetup...then only u can earn 1% from your capital. So dont follow me blindly. The wave count done by is fully manually by me and it can change anytime according to the live trading price action.Dont bias on this trade idea and the wave count. Following is not that much easy. So, try to learn and create your own strategy and earn. I am not responsible for any losses. Thanks lot.
2. From the high to low 1.1510 is a one complete set of correction finished and i marked as wave w) (blue color).
3. After that, the wave X) is a running flat it went below wave W). This is a complex correction and this is a connector to the
next pattern continued to the downside.
4. In previous trade idea i posted here it may go to 1.1870 and that is in a different wave count. But now i am satisfied
with this count. In previous i thought it may be a zigzag pattern. Now i changed my view .
5. All Elliotician counted from the high to the low made 1.13 as a 5 waves...it is looking like that but in detailed view
for me its looking in different and to be CONTRARIAN. May be my this view could be a wrong too. Dont bias on this.
6. I explained both possibilities, If it breaks the high 1.1820 it may go to 1.1900 zone and coming to the downside means
the previous zigzag pattern what i post previous is in action.
7. If it break the low 1.1300 then this could be this pattern what is shown here.
so trade carefully. Without knowing EW and following me is a tough to trade and you cant understand what i am expecting
in the waves and the patterns looking for.
8. Currently i am expecting little down to the 1.1450 zone and to the upside in 3 waves structure as shown in the chart.
9. After it reached that 1.1620-1.1670 in the 3 wave structure then we need to enter as SHORT and place a stop @ 1.1820
and first target is 1.1290. Positional target is 1.1100 i am expecting.