Directions:
1) Wait For Pullback
2) Wait For PA to Break
Top of Structure Left
3) Buy When PA Hits
Left Structure
4) Set Stop Loss To
Below Pullback
5) Stops & Targets Can
Be 1:1 RR or higher, but
ALWAYS control risk
If you understand the Elliot impulse waves in Forex, then you can trade the easiest way in Forex. Just wait for pullbacks in the major trade of the day on the hourly TF (if scalping or day trading), or on higher TFs if swinging or position trading.
Noted on AJ pair for Friday was two buy trades, which would have been easy to spot and to set up, before pa hits your entry, you should have your stops and targets set & already have calculated the risk associated in this trade.
1) Wait For Pullback
2) Wait For PA to Break
Top of Structure Left
3) Buy When PA Hits
Left Structure
4) Set Stop Loss To
Below Pullback
5) Stops & Targets Can
Be 1:1 RR or higher, but
ALWAYS control risk
If you understand the Elliot impulse waves in Forex, then you can trade the easiest way in Forex. Just wait for pullbacks in the major trade of the day on the hourly TF (if scalping or day trading), or on higher TFs if swinging or position trading.
Noted on AJ pair for Friday was two buy trades, which would have been easy to spot and to set up, before pa hits your entry, you should have your stops and targets set & already have calculated the risk associated in this trade.