EOS/USD Short Scalping
Updated
Hello everyone I hope you guys are having a nice day :) I'm new around here and I'm trying to learn scalping and mastering the RSI/Elliot waves/MACD. I will be using the divergence strategy so my positions will be opened at clear divergences or clearly defined elliot waves. I'm still learning so every positive criticism will be appreciated :)
In this chart I'm expecting an ABC correction wave to .328 fib level at least. My first target is priced at 7.825 and I will close my positions laddering down. I will short at 2nd 3rd and 5th elliot wave then wait for the correction to confirm. Also I ll set orders to close my position at .5 fib might crossed by 200EMA. After laddering the short positions and SL at 8.3 we will have approximetly 1.9-2.3 Risk Reward ratio setup. Don't forget to comment and like guys happy hunting!
In this chart I'm expecting an ABC correction wave to .328 fib level at least. My first target is priced at 7.825 and I will close my positions laddering down. I will short at 2nd 3rd and 5th elliot wave then wait for the correction to confirm. Also I ll set orders to close my position at .5 fib might crossed by 200EMA. After laddering the short positions and SL at 8.3 we will have approximetly 1.9-2.3 Risk Reward ratio setup. Don't forget to comment and like guys happy hunting!
Trade closed: target reached
Took more time than expected but reached targets perfectly.
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