GBP/USD Trade #2
CHART 1
ENTRY: 1.9714
SL: Floating
Having exited our long position we are automatically given signals for a short entry since there is a whole candle close below 75%.
We Short and wait for a correction in order to draw our new active W40 wave.
A new wave is determined and active by noticing a correction of a valid W40.
(At Least 40 Pips prior to the correction)
Regards,
E. Lang