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
Transaction en cours
Trade fermée: ordre d’arrêt atteint
hit SL
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.