Catching Wave 5, after it broke Wave 3's peak. SL is below Wave 3's low and TP is around the height of 0.382%. measured from the peak of wave 3 down.
Wave looks like an impulse on the 1 hour, so trade was placed on the 5mins chart
I think this TP should be safe, a more risky one would be the 0.618
Trade geschlossen: Stop wurde erreicht
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Well it did hit the SL before it went up to hit the TP. I should have close the trade earlier when it had trouble breaking through and was forming a correction instead of Wave 5 :(