Hi Guys ! On the technical side, the GBPUSD has completed a running flat and it can push for one more wave to the upside. Based on that keep your eyes on 5min-15h timeframe for your buy setups. Try to catch the entry before breakout appears.
There is huge profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio.
Any strong break to the downside will invalidate the setup. The Risk:
As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with this trade and your stop loss is to big for your trading account simply just skip it and wait for another one . For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( Don’t read the fundamentals it will confuse you). However if you don’t over risk and follow the plan than there is noting to lose in this online business. Trade with care !
Thanks for your support



more…

READ  Elliot Wave Analysis by Wave FX (GbpJpy) Short: Target 147.00 for FX:GBPJPY by wavefxacademy