Elliott wave Forecast - GBPUSD Trade from 7/20 Live Trading Room

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Elliott wave Forecast

GBPUSD Trade from 7/20 Live Trading Room

GBPUSD Trade Video Clip from July 20th Live Trading Room

Below is a video clip of GBPUSD trade that we took from July 20th Live Trading Room

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Below is the trading journal line for the trade

GBPUSD 4 Hour Elliott Wave Chart on July 20th

GBPUSD is showing bullish 5 swing Elliott Wave sequence in the 4 hour chart above from 1.2587 low, favoring further upside towards 1.325 â€“ 1.3358. We looked for a way to join the higher degree trend to the upside in the lower 1 hour time frame and tried to find an entry in the pullback to buy.

GBPUSD 1 Hour Elliott Wave Chart on July 20th

GBPUSD 1 hour chart on July 20th shows that the pair is correcting cycle from 1.2809 low in 7 swing towards 1.292 â€“ 1.295 area (blue box). From there, we expect pair to resume higher. We bought the pair in Live Trading Room at 1.2945 on July 20th with reward to ratio risk of 3.4 to 1. The pair reaches our target of 1.325 for 305 pips profit on August 3.

We hold Live Trading Room daily at 7 AM EST / 11 AM GMT and Plus Live Trading Room at 8 AM EST / 12 PM GMT. Join us everyday to get trading idea and learn how to execute trades using our technique of 3, 7, and 11 swing. Members will also receive a trading journal with entry, stop, and limit. Try our service 14 days FREE to get started. You will get access to Live Trading Room, Elliottwave charts for 52 instrument, live sessions, educational videos exclusive to members, 24 hour chat room, and more today.

03/08/2017 2 EN

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Elliott wave Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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