As per 4 hour chart wave counting, it seems like wave 3 or C in the making. Whereas wave 1 or A at candle 1.3080 which is the highest price level on Nov 28. The wave 2 or B spotted at the lowest point on Dec 4 1.2548. Last Thursday, the price breaks the 1.3080 resistance which means the change of trend is begin. There will be a bullish for tomorrows trade.
For easypipers, I hope you still got the calculation to calculate the optimum profit.
D = (B-A) * (A) + (A)
Here is the setup.
Stop Buy 1.2714
Take Profit 1.2840
Profit (pips) 126
2-3 Profit Min 1.2876 Max 1.2959
Risk to Reward 1.5494:1
Stop Loss 1.2626
WARNING!!! Forex have a very very very high liquidity. Please trade at your own risk. I'm not responsible for any losses.
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