Today’s Elliott Wave Signal Analysis – GBP/USD short trade based on the 5th wave & MACD showing strong downward momentum: -4H showing lack of conviction to the upside -4H channel resistance line together with doji formations. – Price has found strong resistance off the 50% retracement level. – 1H chart showing confirmation with a lower [...]
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FOREX Trading Review Video 31 MAR 10 EUR/USD +70 pips
Today’s Elliott Wave Signal Analysis – EUR Long trade based on momentum created by the ABC Elliot wave: -4H Morning star showing upward momentum. -4H Strong level of support from 23.6 fib monthly line. – Entry made on 5M re-trace. – Exit based on failing to making a higher high on 5M….