Determine HIGH and LOW at consolidation phase.
17 Aug 2021 :
High = 1795
Low = 1779
High Breakout BUY SETUP.
Swing Fibonacci Retracement from H to L
u will find 1.618 as target 1 and 2.618 as target 2.
Low Breakout SELL SETUP
Swing Fibonacci Retracement From L (Low) to LH (LowerHigh)
U will find 1.618 as target 1 and 2.618 as target 2.
RISK SCHEME.
Theres 2...
1. In a 4 Hour chart, as we can see theres a perfect Elliot Impulsive waves.
After 5th impulsive waves, there must be an ABC Wave Correction.
so, here im tryin to figure out Where is B and C area.
SELL
TP @ 1.33500
BUY LIMIT
- 1.33450
- 1.33160
TP at expected C area
- 1.33450
(expected B Are between 61.8 - 78.6 Fibonacci level) and (expected C are fibonacci level...
In 4 Hour chart, it looks like a perfect Elliot Impulsive wave pattern 12345. and detected Head And Shoulders Pattern.
this is an expecations for corrective Wave ABC.
which every expectations B and C are at 62.8-78.6 Fibonacci level.
My recommendations.
Sell and Take Profit at 1.335 area
and then Buy limit at expected B point area at 1.33450 - 1.33160 area.
And...
