Hello my friends,
previously we took sell positions in this pair and managed to booked +180 pips profit from it yielding 4R
Right now we're on strong support at EMA-200 and this is also where 50% fibonacci retracement of wave-4.
Usually wave-4 will end at 50% fibonacci retracement.
As our protective stop loss, we will use wave-1 area because per Elliott wave rule; wave-4 could never go beyong wave-1 area.
Because this is using daily timeframe, don't expect this to be a quick trade because it could take weeks to complete the movement.
Buy GBPNZD 1.9340
Stop loss 1.9200
Take profit 1.9950 (4.3R)
Use only 1-2% risk
Good luck
previously we took sell positions in this pair and managed to booked +180 pips profit from it yielding 4R
Right now we're on strong support at EMA-200 and this is also where 50% fibonacci retracement of wave-4.
Usually wave-4 will end at 50% fibonacci retracement.
As our protective stop loss, we will use wave-1 area because per Elliott wave rule; wave-4 could never go beyong wave-1 area.
Because this is using daily timeframe, don't expect this to be a quick trade because it could take weeks to complete the movement.
Buy GBPNZD 1.9340
Stop loss 1.9200
Take profit 1.9950 (4.3R)
Use only 1-2% risk
Good luck
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.