GBP/USD Trade #1
CHART 8
Active Wave 8:
L: 9691 H: 9777
ENTRY: 1.9639
SL: 1.9639
CURRENT PROFIT: +130
We determine that a new wave is active by noticing a correction of a valid W40.
(At Least 40 Pips prior to the correction)
- We
redraw our fibonnaccis levels*
- We
disregard the previous W40.7 fibonacci levels*
NEW W40 LOW: 9691
NEW W40 HIGH: 9777
OUR BIAS: No one "whole" candle has closed under 75.0% Fibonnacci Level of the newly drawn
W40.8 (40 Pip Wave) so we hold Long, until a whole candle closes below.
Regards,
E. Lang