Post Brexit EU travelled in very complex manner but still we managed to get 345+ pips running profit. The Fall from 1.1428 to 1.0911 on Brexit Day was scary & everyone started thinking that EU is going down deep but unfortunately financial instruments never move in straight line otherwise every one of us would have been a millionaire by now. Hope so this dream comes true for most of us in years ahead. Let us cut this emotional talk & come across the EU movement.
In my short term updates- we managed to get 345+ pips running profit shown in blue oval shapes in between EU travel course.
2 Red Arrows shown tell us the importance of a concept call "Polarity Reversal"- in technical analysis (Polarity Reversal- Support Turns Resistance & Vice -Versa)....which a trader should keep in their arsenal & use it like "Brahmastra(check the meaning out by Wikipedia)- Weapon created by Lord Brahma"(As per Hindu God)....
How I Used ...
The red trendline was running upside ...On brexit day we breached this upside trendline made a low@1.0911 & post-brexit -EU bounced in 3-Wave Sequence A-B-C (C-Wave was our wedge wave) this C-wave ended exactly on the trendline--post that we had impulsive fall & we got our 1st scoop of 120 pips till 1.1025 ...
Humble request to all my followers to hit the like button as it takes lot of effort to put these updates --if you just view & pass by --that will demotivate me & I won't be able to put required efforts in future.
Regards,
Abhishek H.Singh, CMT
In my short term updates- we managed to get 345+ pips running profit shown in blue oval shapes in between EU travel course.
2 Red Arrows shown tell us the importance of a concept call "Polarity Reversal"- in technical analysis (Polarity Reversal- Support Turns Resistance & Vice -Versa)....which a trader should keep in their arsenal & use it like "Brahmastra(check the meaning out by Wikipedia)- Weapon created by Lord Brahma"(As per Hindu God)....
How I Used ...
The red trendline was running upside ...On brexit day we breached this upside trendline made a low@1.0911 & post-brexit -EU bounced in 3-Wave Sequence A-B-C (C-Wave was our wedge wave) this C-wave ended exactly on the trendline--post that we had impulsive fall & we got our 1st scoop of 120 pips till 1.1025 ...
Humble request to all my followers to hit the like button as it takes lot of effort to put these updates --if you just view & pass by --that will demotivate me & I won't be able to put required efforts in future.
Regards,
Abhishek H.Singh, CMT
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)