First have an look for the positional trend i shared here previous…if you are a follower of me…and sometimes i will share the counter trend trade also in 15 mins and 1hr…but that is risky ones…so if the trend is [bearish]![or [bullish] , if i am expecting the correction…book the profit there and wait the correction to end and again go with the trend…DONT TRADE THE COUNTER TRADE
SETUP…you will took loss too…try to identify the short term pull back and the long term pull back after that took small lots in the short term [PB ]with strict stop and go with [big lots ](in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE…Read the market commentary inside the chart what i shared here carefully and try to learn [Elliott waves] …otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart…it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the [Elliott wave]) theory…I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)…so DON’T FOLLOW BLINDLY MY CHART…take this as a reference and if it correlate to you strategy took the trade as per your strategy…DON’T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
I am a technical analyst based on trendline, channel, fib retracements, expansion, [stochastic] for divergence, EMA’s and MA’s are finding the pull backs and MAJOR IS [ELLIOTT WAVES]…those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader…but only the fundamental will boost my [technical analysis] to reach my target or sometimes it will go against me and then i will manage the trade according to the [Elliott waves]alternate views…Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here…sometimes the other (20-30%) may market do…then i will change the wave counts and labeling according to the price action.
Dott. Paolo Strappini Int. Analyst