GBPAUD, 4hr tf, channel elliott wave analysis
Hello my friends,
I spotted a good setup on GBPAUD and i think it is worth to try taking it.
This is a 5.5R trade setup which rarely come so we will try to capitalize it.
As you can see price moving inside a parallell channel and we could try counting each movement with Elliott Wave counts.
The movement respecting elliott waves count as clear as sky.
We are now finishing wave-4 and could start to continue going down along with wave-5.
We will use wave-1 as our invalidation because the rule of wave-4 is it will never touche wave-1 area.
Sell GBPAUD 1.8190
Stop loss 1.8230
Take profit 1.7970 (5.5R)
RR ratio 1 : 5.5
USe only 1-2% risk
Good luck
I spotted a good setup on GBPAUD and i think it is worth to try taking it.
This is a 5.5R trade setup which rarely come so we will try to capitalize it.
As you can see price moving inside a parallell channel and we could try counting each movement with Elliott Wave counts.
The movement respecting elliott waves count as clear as sky.
We are now finishing wave-4 and could start to continue going down along with wave-5.
We will use wave-1 as our invalidation because the rule of wave-4 is it will never touche wave-1 area.
Sell GBPAUD 1.8190
Stop loss 1.8230
Take profit 1.7970 (5.5R)
RR ratio 1 : 5.5
USe only 1-2% risk
Good luck
İşlem aktif
İşlem kapandı: durdurma seviyesi
hit SL
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.