A few techs here
1 - Elliot Wave - Wave 5 and A, B are now complete. We're moving to wave C
2 - Trendline - Market made a new High low on the 4H chart
3 - 123 strategy - Typically, when you aim to take profit from the breakout at 2 through to 3, it should be equivalent to the same distance recorded between 1-2. Notice that I have highlighted 1-2 and 2-3 are almost identical in distance. Which indicates we have completed step 3 Now we reverse upwards
4 - Support and Resistance - Market failed to go below support 105.28 again.
Good luck.
1 - Elliot Wave - Wave 5 and A, B are now complete. We're moving to wave C
2 - Trendline - Market made a new High low on the 4H chart
3 - 123 strategy - Typically, when you aim to take profit from the breakout at 2 through to 3, it should be equivalent to the same distance recorded between 1-2. Notice that I have highlighted 1-2 and 2-3 are almost identical in distance. Which indicates we have completed step 3 Now we reverse upwards
4 - Support and Resistance - Market failed to go below support 105.28 again.
Good luck.
Comment:
Forgot to include the 123 distance on the chart I posted. go
Trade closed manually:
impending FOMC volatility led to the closing of all my trades for the day