GBPUSD ANALYSIS
It seems that we have started a wave 3 on the minute period going short?
I've opened 2x positions SHORT as shown.
1 Hour EMAs 8 and 34 period have now crossed, thus signalling a good entry point.
It seems that we have started a wave 3 on the minute period going short?
I've opened 2x positions SHORT as shown.
1 Hour EMAs 8 and 34 period have now crossed, thus signalling a good entry point.
Trade closed: stop reached:
Got Stopped out but on my modified SL @ 1.31991 but in profit ! Thank you GBPUSD :D
You can see that the chart has not reached the original stop ! but it did reach my modified stop, at the time I posted this update.
(Note: Most of the time I move my SL up to the 2nd low/high just in case my count is wrong, as I follow the trade. This is a perfect example).
I shall now re-analyse the chart and post a new one with an open trade.
Have a great day !
You can see that the chart has not reached the original stop ! but it did reach my modified stop, at the time I posted this update.
(Note: Most of the time I move my SL up to the 2nd low/high just in case my count is wrong, as I follow the trade. This is a perfect example).
I shall now re-analyse the chart and post a new one with an open trade.
Have a great day !