I get many requests from eWaves users to post examples of how to trade with the indicator. Here is a perfect recent example of how you could have made 60 pips with a 30 pip SL.
Price formed a clear Wave 3 then pulled back to the BRN at 1.1100 and bounced straight back up, to form what eWaves sees as a Wave 4. Further confluence for support was provided by the D1 SR level (in white).
With the clear down-side rejection at Wave 4 and double support levels, we had a high-probability trade staring us in the face. Entry just above the bar shown, with TP set a few pips below the TZ1 level. Reward twice the risk and a stress-free trade .
You could also have traded the Wave 5 short for another 30 or so pips.
Happy days :)
Snorm trades only with GKFX and has no hesitation in recommending them, for tight fixed spreads and quick execution (even during NFP, from personal experience).
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