[11/19] Total 46.3 pips gained! ~ Elliott wave switches on with Tokyo high break ~
Hello! I’m Sakkī, a wave trader (@skiym_aaa).@skiym_aaa) I am a full-time trader after quitting the company I joined as a new graduate in 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 quickly look at the Elliott Wave that occurred yesterday (11/18)!
★ GBP/JPY 1-minute chart, around evening (16:47)46.3pips gained!
※ Fibonacci retracement is drawn from the end of Wave 1 toward the origin.
- Entry basis (Wave 1 certification basis) ➡ Break of Tokyo session high
- Entry ➡ MACD golden cross after 61.8% retracement by Fibonacci
- Profit target ➡ 100% of Fibonacci (10.0 pips) and 161.8% of Fibonacci (36.3 pips)
- Stop loss ➡ 23.6% of Fibonacci
- Point ➡ Clear break of the Tokyo session high in the direction of the long-term trend
It’s been a while since the pound moved properly in the evening, hasn’t it?
As in this example,
a large wave that clearly breaks the Tokyo session high (or low)tends to be Wave 1 of the Elliott Wave.
Well then, see you tomorrow!
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