I’m glad to be a member of this forum. I would like to share with you my success. In this post I will review my trade and if you’re interested, I look forward to your comments.
My trading strategy is summarized in two words:
I trade intraday. My analysis, often based on the Elliott Wave theory. Using candlestick patterns and shapes. Also, to determine the levels, I use Fibonacci.
Today I found a method of using different combinations of indicators and technical analysis to successfully and consistently profitable trading.
I post a few of my recent orders for assessing trade. And the schedule of profitability for the year as proof that the strategy works. In the future, I will post forecasts and market disclosure.
Now I see a picture on the GBP / USD. Price reached the top of wave 5 and started the correction phase that consists of wave A-B-C. More likely to continue in motion corrective triangle, the output of which will be on sale, as we see the descending trend at H4
The second scenario is that if dominated by the figure of a “double bottom”, the motion to proceed to the top level of 1.43200, and then followed by a decline.
‘Double bottems’ only are significant directly after a sharp price drop. And what you show is an anticipated pattern as you draw the last significant line yourself
So I traded for EUR / USD for sale, relied on further downward movement after the rebound from the resistance of 1.13700. My expectations were realized.
Deals today.
My prediction for the GBP / USD - will probably fall from the border of the trend to the support level 1.41289. It is also possible breakdown of the trend, as the prospect of testing 1.44870.
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In GBP / USD may grow within wave 5 for the uptrend. I also see that there was a strong reversal pattern. Therefore, you can also expect a drop to the level of 1.41306, if the wave №5 over, and then rise up in the correction 1.43237
