Methodology
Chart time frame: 4H
Events:
Trade Management:
Risk/Reward Ratio: 10.52
Chart time frame: 4H
Events:
- Elliott Waves Theory: Wave 5 completed combo with Elliott triangle wave. Ready for a correction wave ABC
- Pattern: Descending triangle just broke trendline.
- Bullish Divergence: new lows were not reflect in RSI
- Rejection at 8.201 levels
Trade Management:
- Trade Entry: 8.502
Stop Lost : 8.200
Targets/TP:
Target 1: 9.865
- Target 2: 10.916
- Target 3: 11.657
Risk/Reward Ratio: 10.52
Trade active
Trade closed: stop reached
