EURUSD SHORT AFTER COMPLETION OF EW 1-5

12 thg 5, 2018

I'LL BE LOOKING TO SHORT WITHIN THE HIGHLIGHTED ZONE. TP AT THE GREEN TARGET LINE

REASON FOR THE TRADE (TECHNICALLY):

1) POTENTIAL COMPLETION OF LEG 5 OF EW WAVE COUNT
2) DESCENDING TREND LINE AND RESISTANCE CONFLUENCE

HAPPY TRADING!

14 thg 5, 2018

Giao dịch đang hoạt động

14 thg 5, 2018

Ghi chú

Wave four on the chart was in anticipation of a 38.2% retracement of wave 3. However market reversed at a more shallower wave 4 at 23.6% retracement instead of 38.2%. My take profit on this short is represented by the new wave 4 which is at 1.19393

14 thg 5, 2018

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