farid_ardavani

impulse correction impulse

sell setup to catch C-wave of daily flat this is a long term trade, it means you have to be patient enough to take the best profit you can. just look at how much time does it take to form A-wave and B-wave; 158 days and 245 days. i don't know how much time does it takes to complete C-wave, but it would be something like A and B waves.

this is a long term trade better to wait for an impulse and correction in lower TF to enter the trade

i think price is going for last move to upside in this corrective move; you can also look for short term buys to 618..

buy after breakout

correction seems to be ended, although there is possibility for continuation of corrective structure and make a WXYXZ structure

its in the daily structure, possible daily double flat correction break even if it does not move fast, because there is high probability for one more wave to down before upside

Almost every GBP pair doing same setups for long side. but if it goes, GBPCHF will be more profitable because of its pip value and structure. Always wait for some kind of confirmation in price action if you are a conservative trader.

it seems that impulsive phase had been finished with an ending diagonal as wave 5. now i'm going long for a correction to about 50 or 61.8 fib

this pattern looks like an ending diagonal.. ending diagonals give nice trades with wonderful R/R and fast movements.. lets see

2 scenarios 1) the wave unfolding is an impulse to upside 2) the wave unfolding is X wave for another corrective wave to downside for completing WXYXZ correction

wait for break out, correction or consolidation above the trendline, and then enter the trade. if it doesn't give a correction i wont trade it

Now there are 3 ways this structure can develop and the result is same; long term buy setup. But at the trading perspective, you have to have an appropriate strategy for all of them and you have to know your stop loss, target and when to enter...

ending diagonal as wave C of ABC zigzag correction. the question is, is this zigzag all of correction or its going to be a WXY correction? so the target is based on the answer

I'm waiting for this trade for a while and now it seems that corrective structure is about to completion.

most of GBP pairs are in the same structure. C wave of flat type of correction with good R/R . look at "related ideas" ; I am waiting for this trade for a while..

sell break out of the trendline or if you are aggressive and risk taker, you can enter on 88.6% fib too. This trade is based on my previous analysis of this pair, the link is in "related ideas" !

this long term corrective move is about to finish. Don't sell for a little piece of Z wave, wait for buy setup, it has awesome risk to reward ratio and high probability.