IOTA Potential long setup
Updated
Previous setup made some gain, now continue to grab the opportunity and been patient till correction is over. Miss the falling wedges breakout trade but there always a retracement and REMEMBER it.
TA:
- Golden ratio zone
- Formation of 3rd of 3rd subwave
TP:
-1:1 for 3rd wave (never the shortest wave)
- Previous high with around 1.27% extension
- Break previous high for 1.618% extension
- Conclusion:
RR is resonable as long my count (2) is holding well
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve i
TA:
- Golden ratio zone
- Formation of 3rd of 3rd subwave
TP:
-1:1 for 3rd wave (never the shortest wave)
- Previous high with around 1.27% extension
- Break previous high for 1.618% extension
- Conclusion:
RR is resonable as long my count (2) is holding well
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve i
Note
It only hit one of my order, butit still hold below the trend may go lower. If breakout I would consider to cancel my limit order and went into it.Trade closed: stop reached
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