[11/7] Targeting the 24-hour era too? A trading example of EUR/USD
Hello! I’m Sakkī, a wave trader (@skiym_aaa).@skiym_aaa I’m a full-time trader who left my first company after three years.
My trading style is day trading,
and I trade aiming for the third wave of the Elliott Wave on a daily basis.
Now, let’s take a look at the Elliott Wave that occurred yesterday (11/6)!
★ EUR/USD 1-minute chart, late night (24:22)18.1pips gained!
※ Fibonacci retracement is drawn from the end of the first wave toward the start point.
- Entry rationale (first-wave recognition basis) ➜ Break of the pullback low
- Entry ➜ MACD death cross after a 61.8% Fibonacci retracement
- Take profit ➜ 100% Fibonacci (4.9 pips), 161.8% Fibonacci (13.2 pips)
- Stop loss ➜ 23.6% Fibonacci
- Note ➜ Formed a double top (W top).
The euro-dollar was bearish, but the key was when it would move.
From the past month or two, it seems the first wave also tends to occur around 24:00.
I’ll continue to accumulate data and verify!
Well then, see you tomorrow!
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