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UnknownUnicorn2215917
Jun 20, 2019 11:34 AM

gbpusd buy Long

British Pound/U.S. DollarFXCM

Description

Target for 70 pips

Order cancelled

Closed trade in profit, I believe the first impulse came at 1.25060, retrace to 1.25060, I believe I luckily caught the B wave of the corrective wave

Trade closed manually

I closed manually

Comment

I'm pretty sure I was right from the start, should've just stayed in the trade from the start

Comment

I definitely overthought this trade

Comment

still closed in profit so that's good

Comment

Wave 3-4; Corrective wave; note taken.

Comment

(For my journal) I overthought this trade waaaay too much, my SL should be below the Point (2) Higher Low. Where price had hit my SL would be the Point (4) of the Elliot wave as during the 3-4 wave, price tends to correct itself or consolidate before continuation of trend.
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