FX:GBPCHF   British Pound/Swiss Franc
111 6 10
3 months ago
Hello here we have potential short setup on this pair, expecting a wave down , also the market condition is overbought on the daily as well
snapshot
3 months ago
Comment: forgot to show the divergence earlier
snapshot
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Wave-Expert PRO
3 months ago
Agree with this but your stop loss is way to high mate !! here's my view

snapshot
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Fxtoronto PRO Wave-Expert
3 months ago
Keep it tight enough and youll be out of the trade in no time
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Fxtoronto PRO Wave-Expert
3 months ago
The idea of a bigger stop loss is not to have that big of a loss but try to make the trade from a losing trade to a breakeven trade. WaveTrader stresses on keeping a bigger sl for the same reason
+1 Reply
Wave-Expert PRO Fxtoronto
3 months ago
let's take above chart as an example if price breaks the major trend line beautifully ( invalidate idea one) don't it change the entire structure ?
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Fxtoronto PRO Wave-Expert
3 months ago
You still didnt get my idea. Its not about just invalidating the idea. Its about trying to turn a losing trade into a break even trade.
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Wave-Expert PRO Fxtoronto
3 months ago
got it mate ..
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