In H1, H4 it is seems like the 1-2-3 ELW.
I buy it after it break out (but aware of blue-grey area)
Stop loss around low of h1 timeframe
.
Run in H4 timeframe.
Cheers
Hi everyone.
I buy UJ due to the hammer reversal candle in daily chart ( or HH candle In 1H chart)
And TP around S/D area ( white line)
However, it is counter trend, please trailing stop carefully.
Now, EU is going up
The risk is ;
1. failed break
2. From the past data, it is hard to find the target.
I will trailing stop with the dow theory, with Higher high and Low is my trailing stop. The other stop is ; if it fall around 20%, i will sell all.
From the price pattern, it is the flag and target around 1.33xx
But i think it is too far and not cluster...
I sell (after i closed buy for fibo target around 50%)
Now it complete my elliott wave cycle (5- impulse wave)
It will be down for ABC and go up to "B" of the higher timeframe
However, I rely on the candle stick because it is the reversal candle ( tweezer, not sure the name)
Target around 50% first
longer target break low for channelling down.
Hello:
I sell EA, with the sideway breakout,
ELW : Wave A or C to The head of Wave 1
MA 20 break down.
Lower low setup
Target at Fibo 50% LV (clustering with the S/D area)
I stop of this trade for 2 times, I see bullish canndle but it retrace near the lows.
In the trade #3 it break outs,
I think it will go up to the next resistant line.
But for fibo retracement, it will TP at 50%, 61.8% for save risk.
I buy after cut SMA20 yesterday, and now then it break out
I missed the break out, so i waited it retrace again
The pattern is flag,
Aware of news, ECB meeting.
As the trade #2, i go out of trade earlier (but hit the TP last night).
Now it is not reversal, and go down again, so i sell following with trend
RR = 2 in the picture.
I entry with the plan, double top and think it is wave C + LL analysis
However, it hit my trailing stop of 10%.
Feel bad about i cannot let it run.
Will try to fix next trade.
