Hello my friends,
On Monday, I got 5 positions hit SL again consecutively so i took 3 days off from trading to calm my mind.
It is very important to calm your mind instead of doing revenge trade and get more losses.
Today, i found a nice setup on GBPAUD.
There is a SHS pattern formed and i think price already broken below the neckline on lower time frame.
This necklne also located near the horizontal level which i have marked, so this support now become a resistance and an area of confluences as well.
Also if i do a wave count using Elliott Wave, we are now on wave-5 to the downside so sell positions will be favorable.
Sell GBPAUD 1.8175
Stop loss 1.8230
Take profit 1.7980 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
On Monday, I got 5 positions hit SL again consecutively so i took 3 days off from trading to calm my mind.
It is very important to calm your mind instead of doing revenge trade and get more losses.
Today, i found a nice setup on GBPAUD.
There is a SHS pattern formed and i think price already broken below the neckline on lower time frame.
This necklne also located near the horizontal level which i have marked, so this support now become a resistance and an area of confluences as well.
Also if i do a wave count using Elliott Wave, we are now on wave-5 to the downside so sell positions will be favorable.
Sell GBPAUD 1.8175
Stop loss 1.8230
Take profit 1.7980 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.