Trade of the week: GBP/USD M15 on the 15th September : +12% (+294 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On 15th, D1, H4 are into an impulsive wave up. On H1, we have a pullback after a massive push of 250 pips. The ewave looks quite high so we zoom on M15. On M15, we have a clear wave 3 up following by a wave 4 and we want to take the wave 5; We can't take the first break of the box at 6.45 but we can take the break of the box newly formed at 8.30 after Francfort Open (Initial SL at 22 pips below the box), the price breaks the box but then pullback a bit forming a new buy fractal. We take a second entry above this new box (Initial SL at 28 pips below the box). The price breaks the box and flies. We exit both trades at 17.45 while the price breaks the lower level of the box for +154 pips (+7%) and for +140 pips (+5%) for a total of +12% profit, a monster classical trades!
For more details and examples of trade, click "Examples of Trade" in the menu
On 15th, D1, H4 are into an impulsive wave up. On H1, we have a pullback after a massive push of 250 pips. The ewave looks quite high so we zoom on M15. On M15, we have a clear wave 3 up following by a wave 4 and we want to take the wave 5; We can't take the first break of the box at 6.45 but we can take the break of the box newly formed at 8.30 after Francfort Open (Initial SL at 22 pips below the box), the price breaks the box but then pullback a bit forming a new buy fractal. We take a second entry above this new box (Initial SL at 28 pips below the box). The price breaks the box and flies. We exit both trades at 17.45 while the price breaks the lower level of the box for +154 pips (+7%) and for +140 pips (+5%) for a total of +12% profit, a monster classical trades!
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