by Alessio B, February 18, 2021
by Alessio Barretta February 18, 2021
USD/CHF
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Short
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H1
Table of Contents
H1
Elliott wave Principle
If my EWC is correct further upside should be expected in the following days. Since I am expecting a wave 3, we should we a pretty strong move to the downside.
Patience
Be wise
Can’t break 0,90460
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Nice selling zone founded, what is your sell entry point?
0.90 may be the top. I do not see the pair reaching a higher high.
If you catch the sell at a great price, would you place a stop-loss at breakeven?
if I am correct it should not go any higher than 0.9 as you said. My SL is @ 0.90460 , I will move if based on the wave structure that will develop . For example now I could move it to 0.9 to reduce risk. It’s a little complicated to explain Elliott wave tbh.
Alright. Hope this trade will work.
I know how Elliot Wave are working, I am just not using it for my personal trading.
It seems that 0.8960 is a good level to buy, it’s a new demand
if you say so…good luck with that!
Hi Alessio
good catch on the sell – had a buy on the pair but sentiment changed on it once European session started 2 hours ago, missed the sell but at least protected my 20 points profit
Hi Remy,
thanks, I appreciated that. Glad to hear you managed to book profits after all!