Trade of the week: GBP/USD H1 on the 12th of January : +5% (+134 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On D1, this is an uptrend (we had a wave 3 followed by a wave 4 and we are currently into an impulsive wave, expecting the wave 5 up). On H4, we had an impulsive wave up followed by a corrective wave, a sleeping alligator and the ewave is about to cross the zero line. On H1, we have a break of the box followed by a pullback, a new buy fractal. This is a double upper level of the box H1-H4. We place a pending order above the box (the SL below the green line is at 25 pips). The order is triggered at London open and the price flies. We exit at the end of the day when the prices reaches the BRN 1.37 for +134 pips, if you choose to exit a bit later just before the end of the session, you get around +160 pips, more than +6% profit. This is a lovely classical trade in the direction of the main trend.
For more details and examples of trade, click "Examples of Trade" in the menu
On D1, this is an uptrend (we had a wave 3 followed by a wave 4 and we are currently into an impulsive wave, expecting the wave 5 up). On H4, we had an impulsive wave up followed by a corrective wave, a sleeping alligator and the ewave is about to cross the zero line. On H1, we have a break of the box followed by a pullback, a new buy fractal. This is a double upper level of the box H1-H4. We place a pending order above the box (the SL below the green line is at 25 pips). The order is triggered at London open and the price flies. We exit at the end of the day when the prices reaches the BRN 1.37 for +134 pips, if you choose to exit a bit later just before the end of the session, you get around +160 pips, more than +6% profit. This is a lovely classical trade in the direction of the main trend.
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