Idea is based on a combination of Elliot wave, Median Line analysis and Fibonacci extensions. The rationale behind this technical analysis is shown on the chart. In this particular case unfortunately I can not tell you where my stop losses are going to be since I have dynamic targets (and thus stop losses). If you understand my approach then it shouldn't be that hard to decide where to place those. Good luck!
perfect Dear Hamzaleith
you will wait this pair on 1.543 and you will sell it from there and your short target will be 1.538
from this level you will enter long to 1.579
if i am right only i need to know your stop lose because i really love this pair and all GBP pairs ^_^
NQunlocked
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Salam Mazen, I will wait till the 1.545 before selling my short target will not be fixed! I will aim for the quartile or the lower parallel (lower 2 lines of the pitchfork). Then I will go long from there and my stop loss will go under them preferably below some structure there....I will let you know when we get there bro. Cheers Hamza
you will wait this pair on 1.543 and you will sell it from there and your short target will be 1.538
from this level you will enter long to 1.579
if i am right only i need to know your stop lose because i really love this pair and all GBP pairs ^_^