GWAVE

38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE

Short
FOREXCOM:GBPAUD   British Pound / Australian Dollar
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.

FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.

PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.

Comments

great chart! When would you say Stochastic confirmation is? once it reaches the over bought (80)?
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GWAVE TradewithDann
@TradewithDann, Thanks mate, i would say just before that. When Lead crosses under Main.
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@GWAVE, hows your bias still standing? thanks for that. I use K 20, d 3, s 3. Which do you use? by Lead i presume when K crosses D?

appreciate all the info!
Reply
GWAVE TradewithDann
@TradewithDann, On here i have 14,3,3 but on other platforms i also use 10,3,3 depending on the environment. You're correct on K and D. No worries mate, anytime. Thanks for engaging.
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@GWAVE, You still thinking it’s a short position? Appreciate the help. It’s just I’ve been in a short position since 1.99 so in a slight loss atm
Reply
GWAVE TradewithDann
@TradewithDann, According to the Strategy i use, i have Reentry opportunities. Thus, it's possible to go into this short comfortably, which i have already done. However, RISK management is of paramount importance according to your risk management plan and tolerance. Hope this helps.
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