【11/2】Total 44.3 pips gained! Also the first wave in the morning!
Hello! I’m Sacky, the Wave Trader (@skiym_aaa).@skiym_aaaI left the company I joined as a new graduate after three years and now work as a full-time trader.
My trading style is day trading,
and I trade every day aiming for the third wave of the Elliott Wave.
Now, let’s quickly look at the Elliott Wave that occurred yesterday (11/1)!
★ GBP/JPY 1-minute chart Morning (10:21)44.3pips gained!
※ Fibonacci retracement is drawn from the end of Wave 1 toward the origin.
- Entry justification (Wave 1 confirmation) ➜ Break of the retrace high
- Entry ➜ 61.8% retracement via Fibonacci with MACD golden cross
- Take profit ➜ 100% retracement (13.5 pips) and 161.8% retracement (30.8 pips)
- Stop loss ➜ 23.6% Fibonacci retracement
- Point ➜ Wave formed around 9 o’clock
This time, the wave formed unusually in the morning, didn’t it?
By the way, when looking for Wave 1, the time of day is also important.
Large waves that occur at the following times tend to be Wave 1.
▼ Times when Elliott Wave Wave 1 tends to occur
- Around 9 o’clock (Tokyo market open)
- Around 16:00 (London market open)
- Around 24:00 (London fix)
With the US also moving to winter time next week, there may be slight shifts, but these times are very important.
Well then, see you next week!
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