GBP/USD - Sell take-off

2020年1月30日

Very simple Eliott Wave patterns, from this analysis we can expect price to drop drastically, while completing E Wave (600+ pips) long-term!
Executing position for best risk would be, at the top of the triangle or at the bottom...
Risk Reward could be up to 1 to 20, if you're very serious to hold this trade for kinda long time!

2020年1月31日

交易开始

01:00 (30/01/20)
Position Executed! On 1H time-frame price is making M formation which could be SELL trigger, after such an impulsive movement to the upside!

2020年1月31日

注释

01:25 (30/01/20)
In case price hits my SL, i will re enter at the top of the Triangle...

2020年1月31日

交易开始

12:47 (31/01/12)
Our trade on 1H time-frame got taken out, after that i placed my sell limit order at the top of the triangle, and it got executed, lets see whats gonna happen next!

2020年1月31日

注释

12:50 (31/01/20)
Note that everybody is BUYING GBP/USD, which is good indicator that we should SELL it...

2020年1月31日

注释

12:57 (31/01/20)
+ UK is leaving brexit today, which could interfere with

2020年1月31日

注释

12:57 (31/01/20)
*EU not brexit
*interfere with our analysis
Just woke up, cant type right, ahahah!

2020年1月31日

注释

16:33 (31/01/20)
I'm still in the trade, price managed to close above our TL, if price manages to break below the support, it will continue to drop, or else it will shoot up, as DXY broke-out of the trend-line

2020年1月31日

交易结束：到达止损

17:34 (31/10/20)
Price hit out SL, as DXY dropped very hard!