A simple approach to identify prime trade opportunities
This is a clear example of Elliott wave approach application to spot perfect trade opportunities.
The example relates to the current structure of NZDUSD
I assume that we have got an impulse and now price pulls back in a simple three wave correction.
Please note, that there may be four rule-based entries, two of them with a very short stop losses, as shown on the chart
Hope this helps
Be aware, that every structure even the one that seems be the perfect one, has its own probability based on the larger timeframe context.
therefore a good practice is to strongly follow:
1) risk and capital management
2) assign own rate of probability for every structure and be disciplined.
The example relates to the current structure of NZDUSD
I assume that we have got an impulse and now price pulls back in a simple three wave correction.
Please note, that there may be four rule-based entries, two of them with a very short stop losses, as shown on the chart
Hope this helps
Be aware, that every structure even the one that seems be the perfect one, has its own probability based on the larger timeframe context.
therefore a good practice is to strongly follow:
1) risk and capital management
2) assign own rate of probability for every structure and be disciplined.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.