greetings traders, the euro rising as expected, it end up falling with an ending diagonal. it is expected to rise in 3 waves to wave 4 or equally beginning of the ending diagonal. Here my wave count in 15 minutes. trade safely My trade now in break even. :)
The strategy based on wave counting (elliott) works, however that is not the success, knowing where to place your stop loss is another branch of trading. They are different areas to consider to be successful. however, the market may invalidate any forecast made. nothing is 100% reliable. in 1H has reached a possible reversal area, a downward correction is expected to continue rising !!. Knowing the possible correction structures helps to make decisions to locate your stop.
1H count, still long
waiting for wave 5 to complete cycle A, then i spect a 3 wave pull back.