Hi Team
We are at D of an ABCDE Elliott wave correction on the daily time frame here.
We are approaching the resistance of this major channel and showing rejection wicks on the intermediate timelines.
Enter on the break of marked trendline, Stop loss just above major channel.
This is a high probability trade worth at least 250 PIPS!
Please like, comment, subscribe and share so that I can continue to do this for you all for free.
Good luck, Trade safe
DrBear
We are at D of an ABCDE Elliott wave correction on the daily time frame here.
We are approaching the resistance of this major channel and showing rejection wicks on the intermediate timelines.
Enter on the break of marked trendline, Stop loss just above major channel.
This is a high probability trade worth at least 250 PIPS!
Please like, comment, subscribe and share so that I can continue to do this for you all for free.
Good luck, Trade safe
DrBear
Trade closed: stop reached:
Daily channel breached.
It is important to show that we make losses and that trading isn't always rosy. What we must do is continue with the plan, not re-enter or chase trades, and practice good risk management so that overall, we go home with profit at the end of the month.
There's plenty still running!
It is important to show that we make losses and that trading isn't always rosy. What we must do is continue with the plan, not re-enter or chase trades, and practice good risk management so that overall, we go home with profit at the end of the month.
There's plenty still running!
