Confluences:
1. 61.80-71 FIB
2. 50 EMA coming in on a Daily chart
3. Wave 5 of the Elliot structure
1. 61.80-71 FIB
2. 50 EMA coming in on a Daily chart
3. Wave 5 of the Elliot structure
Note
We got +90 PIPS out if it (entry at 71 FIB) and then it hit our Stop Profit.I entered again and it went for my SL at 55 PIPS.
Great RR and just a confirmation that greed kill in trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.