My observations on 
EURAUD chart to take a trading position include the following:
- Completion of a Gartley Harmonic Pattern
- Completion of the fourth wave of an Elliott wave pack and waiting for the formation of wave 5
- Overlap of the target of the 5th Elliott wave with the target of the Gartley pattern (if the pattern works)
- Positive price bounce reaction to SMA200 and an upward guard to cross SMA21 and the pivot line as an important resistance. (Pivot Point Standard)
The mentioned signs for my personal trading system are a certificate to take a trade, of course, with risk management and logical budget plan ( risk no more than %1 of capitol)
The goal is to execute the trading plan correctly and systematically, regardless of the outcome.
EURAUD chart to take a trading position include the following:- Completion of a Gartley Harmonic Pattern
- Completion of the fourth wave of an Elliott wave pack and waiting for the formation of wave 5
- Overlap of the target of the 5th Elliott wave with the target of the Gartley pattern (if the pattern works)
- Positive price bounce reaction to SMA200 and an upward guard to cross SMA21 and the pivot line as an important resistance. (Pivot Point Standard)
The mentioned signs for my personal trading system are a certificate to take a trade, of course, with risk management and logical budget plan ( risk no more than %1 of capitol)
The goal is to execute the trading plan correctly and systematically, regardless of the outcome.
Dara Golbon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Dara Golbon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.