AUDUSD 4H Long Elliott Wave

29 Ağu 2019

• Market made Weekly pinbar with Wave 1
  
• Wave 2 retraced back to 89% Fib level
  
• From there Wave 1 of Wave 3 started some days ago
  
• Since then market was in a corrective channel, after an anticipated fakeout of the channel the next impulsive wave started
  
• Currently at the beginning of Wave 3 of Wave 3
  
• Price Action on 4H with Engulfing Pinbar
  
• Entry was made on lower TF, with tight SL (10pips)
  

This is no Investment advice, just educational Analysis. Every strategy should first be tested on a demo account!

29 Ağu 2019

Not

29 Ağu 2019

Not