Possible Scenario #1
Possible a contracting triangle with lower line rising
Trade:
Short at Market Price 1.0837
Stop loss 10 pips above wave sub-wave B of D
@1.0936
Profit target @1.0790
Risk reward ratio is about 1 to 1
For a Risk reward ratio 3 to 1 i would wait for sub-wave B to develop and enter short the market @ 1.0900. Stop loss to remain the same
Possible a contracting triangle with lower line rising
Trade:
Short at Market Price 1.0837
Stop loss 10 pips above wave sub-wave B of D
@1.0936
Profit target @1.0790
Risk reward ratio is about 1 to 1
For a Risk reward ratio 3 to 1 i would wait for sub-wave B to develop and enter short the market @ 1.0900. Stop loss to remain the same
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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.
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.