Methodology
Chart time frame: 4H
Events:
Trade Management:
Risk/Reward Ratio: 10.52
Chart time frame: 4H
Events:
- Elliott Waves Theory: Wave 5 completed combo with Elliott triangle wave. Ready for a correction wave ABC
- Pattern: Descending triangle just broke trendline.
- Bullish Divergence: new lows were not reflect in RSI
- Rejection at 8.201 levels
Trade Management:
- Trade Entry: 8.502
Stop Lost : 8.200
Targets/TP: - Target 1: 9.865
- Target 2: 10.916
- Target 3: 11.657
Risk/Reward Ratio: 10.52
Trade active
Trade closed: stop reached
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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.
Related publications
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.