AUDUSD, 4hr tf, sell to ride Ellitt Wave 5th wave
Hello my friends,
This is the first day of October and i hope everyone gonna have a good trading month.
The first trade i took for October is selling AUDUSD.
I used Elliott Wave analyis for this trade and taking sell position as i found that price already finished moving with wave-4.
Wave-5 gonna be anoter downward movement so we will ride it.
Wave-4 rule is it never touch wave-1, in this case we will use wave-1 area as a stop loss to invalidate our analysis.
Wave-5 usually retrace to 76.8-127.2% of wave-4 but i am gonna use conservative target and aim the 76.8% fibonacci
Sell AUDUSD 0.7185
Stop loss 0.7120
Take profit 0.7150
RR raio is 1 : 3.8
Use only 1-2% risk
Good luck
Disclaimer : I sold AUDUSD at 0.7185
This is the first day of October and i hope everyone gonna have a good trading month.
The first trade i took for October is selling AUDUSD.
I used Elliott Wave analyis for this trade and taking sell position as i found that price already finished moving with wave-4.
Wave-5 gonna be anoter downward movement so we will ride it.
Wave-4 rule is it never touch wave-1, in this case we will use wave-1 area as a stop loss to invalidate our analysis.
Wave-5 usually retrace to 76.8-127.2% of wave-4 but i am gonna use conservative target and aim the 76.8% fibonacci
Sell AUDUSD 0.7185
Stop loss 0.7120
Take profit 0.7150
RR raio is 1 : 3.8
Use only 1-2% risk
Good luck
Disclaimer : I sold AUDUSD at 0.7185
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.