Here is my continuation analysis in GBPUSD from my previous video analysis yesterday.
Disclaimer: This is my personal trading setup !! please use this as a comparison with your own analysis.
If you like the idea, comment and give thumbs.
Cheers
Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures!
GBP/USD: Daytrade-Execution
Market-Sell: 1,33600
Stop-Loss: 1,34050
Target 1: 1,33150
Target 2: 1,32895
Target 3: 1,32630
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,16
LEAVE A LIKE AND A COMMENT - I...
at the bottom chart ull see following gbpusd since the top, and predicting the structures aint easy all tho most of the charts came up very true.
so here im with reviewed technical about gbpusd, since this last structure looked very familiar if u scroll a bit back in 4H ull see same structure from lows.
considering it will be a diagonal we have some further down...
Wave 4 in Progress = ABC
Division ABC of wave 4 as follows :::
A is complete in 12345
B is in Progress ABC ( in Blue ) will be complete at 1.1960
C will be Long in 12345 to Complete wave 4 at 1.2960 ( Expected )
So Lets consider Long Right from 1.19600 till 1.29600
Regards
Elliot Wave By mazchaudhry
Trade at your own risk
Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension).
RSI (34) has...
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356.
Reason for the trading strategy (technically):
We remain bearish below 1.2546 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support) especially with price making a bearish exit.
RSI...
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356.
Reason for the trading strategy (technically):
Price has bounced and reached our profit target from yesterday. We turn bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low...
Gbp Usd is short till 1.1950 level
Forming C Wave downwards in 12345
division of C wave Clearly visible on chart and it following it .
Today sure it will cover its GAP in 4th wave 5th will be final downward move .
Ride the short trend after the Gap is Filled .
Get your trades short till 1.19500 area
I will long on this area after completion of main C...
What type of a correction is in progress? Too early to conclude. But there is high probability for an impulse wave down to reach the bottom of the corrective structure. Then I am rooting for the correction to continue further. If price reaches this bottom structure, we will know by then if price wants to break out to the down side or turn back up for an...
