GBP/USD - Sell take-off

30 Jan 2020

Very simple Eliott Wave patterns, from this analysis we can expect price to drop drastically, while completing E Wave (600+ pips) long-term!
Executing position for best risk would be, at the top of the triangle or at the bottom...
Risk Reward could be up to 1 to 20, if you're very serious to hold this trade for kinda long time!

31 Jan 2020

Trade aktif

01:00 (30/01/20)
Position Executed! On 1H time-frame price is making M formation which could be SELL trigger, after such an impulsive movement to the upside!

31 Jan 2020

Catatan

01:25 (30/01/20)
In case price hits my SL, i will re enter at the top of the Triangle...

31 Jan 2020

Trade aktif

12:47 (31/01/12)
Our trade on 1H time-frame got taken out, after that i placed my sell limit order at the top of the triangle, and it got executed, lets see whats gonna happen next!

31 Jan 2020

Catatan

12:50 (31/01/20)
Note that everybody is BUYING GBP/USD, which is good indicator that we should SELL it...

31 Jan 2020

Catatan

12:57 (31/01/20)
+ UK is leaving brexit today, which could interfere with

31 Jan 2020

Catatan

12:57 (31/01/20)
*EU not brexit
*interfere with our analysis
Just woke up, cant type right, ahahah!

31 Jan 2020

Catatan

16:33 (31/01/20)
I'm still in the trade, price managed to close above our TL, if price manages to break below the support, it will continue to drop, or else it will shoot up, as DXY broke-out of the trend-line

31 Jan 2020

Trading ditutup: stop tercapai

17:34 (31/10/20)
Price hit out SL, as DXY dropped very hard!