1702 1/8 XAGUSD buy signal on daily chart ( our trade is still
On such channel which has not finished yet, we draw a ABCDE wave.0-A wave is confirmed as 1st main wave following with AB corrective wave.
BC is a confirmed 3rd main wave because it did not make a new low but make a new high.
Now price of SILVE has showed us a big chance of new start of 5th wave which has not finished yet.What will probably happen on its 5th wave? A new ABC WAVE to break the last high or to make a double top and turn down to drop again?
Both are possibile way to go.
So when you are trading on such pair, you need to cut your
lots size once price reach the purple region and move SL, letting left size go with 0 risk.
And usually daily entry signal is more trustable than 4h and1h or even 30m signal.
LESS IS MORE!
BC is a confirmed 3rd main wave because it did not make a new low but make a new high.
Now price of SILVE has showed us a big chance of new start of 5th wave which has not finished yet.What will probably happen on its 5th wave? A new ABC WAVE to break the last high or to make a double top and turn down to drop again?
Both are possibile way to go.
So when you are trading on such pair, you need to cut your
lots size once price reach the purple region and move SL, letting left size go with 0 risk.
And usually daily entry signal is more trustable than 4h and1h or even 30m signal.
LESS IS MORE!
