[10/31] Waves can occur not only in the evening but also at night! Example of EUR/JPY trade
Hello! I’m Sakki, a wave trader (@skiym_aaa).@skiym_aaa I am a full-time trader after quitting my first job after three years.
My trading style is day trading,
and I trade aiming for the third wave of Elliott Wave every day.
Now, let's quickly look at the Elliott Wave that occurred yesterday (10/30)!
★ EUR/JPY 1-minute chart Night (23:55)22.1pips gained!
※ The Fibonacci retracement is drawn from the end of Wave 1 toward the start point.
- Entry rationale (Wave 1 confirmation basis) → The wave that formed a double bottom
- Entry → After a 61.8% retracement by Fibonacci, MACD gold cross
- Target profit → 100% (5.3 pips) and 161.8% (16.8 pips) by Fibonacci
- Stop loss → 23.6% of Fibonacci
- Point → Divergence is occurring.
This time, I treated the divergent W-bottom wave as Wave 1.
Even if the pullback low or rally high isn’t broken, such a wave tends to be Wave 1!
Well then, see you tomorrow!
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