[11/23] Total of 55.5 pips gained! ~ Elliott wave on the large euro-dollar move ~
Hello! I’m Sakkī, the Wave Trader (@skiym_aaa).
I quit the company I joined as a new graduate after three years and am currently a full-time trader.
My trading style is day trading,
and I trade aiming for the third wave of the Elliott Wave pattern every day.
Now, let’s quickly look at the Elliott Wave that occurred yesterday (11/22)!
★ EUR/USD 1-minute chart night (19:14)55.5pips gained!
※ Fibonacci retracements are drawn from the end of the first wave toward the starting point.
- Entry rationale (basis for recognizing Wave 1) → Break of the swing low
- Entry → MACD cross after 61.8% Fibonacci retracement
- Take profit → 100% Fibonacci (15.2 pips) and 161.8% Fibonacci (40.3 pips)
- Stop loss → 23.6% Fibonacci
- Point → In a large wave, the trend switches across multiple timeframes.
For EUR/USD, that was a large wave, wasn’t it?
In this way, large waves cause a change in trend across multiple timeframes (Dow Theory).
5-minute chart ↙
15-minute chart ↙
Indeed, multi-timeframe analysis is important!
Well then, see you next week!
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