this strategy is based on E-waves and its published from ADVANCED GET application. AGet is not free but we bought the premium version and we have access to auto E-waves auto drawing indicator. As you can see the 4th wave is completed and the price is moving to reach 5th wave.
4hr & 1hr Chart show "Pull Back" from previous "Break" of Down Trendline.
Look into 15min Chart for good entry.
Note: Pulling profit at your own determination. Don't make a profitable trade into losses.
Trading Criteria:
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the...
As it was the case for AUDUSD, this pair consolidated in an ascending triangle for quite some time.
However, anasty false breakouts of this triangle signal more weakness ahead.
