Good morning may God bless you all,Let us look into yesterday price bar,
Open = 94.55
High = 95.19
Low = 94.41
Close = 94.91
MFI = Squat bar
Total pips = 78pip
1/3 of Bar = 26 pip
From above information we conclude that yesterday started with buyer leading the market but at the price of 95.19, the seller is pressing the price to 94.91. If today the seller is successful to pushdown the price to 94.40, is mean the wave 3-2 is meet the top. If it happen, it is save to entry with sell position.
For me,
Setup sell stop = 94.39
Stop loss = 95.23
Profit target = 92.34 & 90.58
Loss win ratio = 1:2.4 & 1:4.5
Please study the chart carefully don’t just blind follow my step.!!!
May you all win more pips
Derek
derekdiscovery@gmail.com
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