GBP/USD - Sell take-off

30 gen 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 gen 2020

Trade attivo

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 gen 2020

Nota

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

31 gen 2020

Trade attivo

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 gen 2020

Nota

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

31 gen 2020

Nota

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

31 gen 2020

Nota

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

31 gen 2020

Nota

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 gen 2020

Trade chiuso: stop raggiunto

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