October 22, 2026 Trading Log

Currency Pairs AUD/USD Risk-Reward 1:2.8 Reasons for Entry Looking at the 4-hour chart, the left-hand wave pattern had completed Elliott Wave 5, and at exactly that moment, a double bottom formed relative to the neckline on the daily chart. So, I waited for the price to break above the green line — the neckline of the double bottom — and then waited for a pullback toward the neckline before entering a long position when the price began rising again. Normally, with a double bottom, one should place a stop-loss slightly below the second low; however, since the risk-reward ratio was unfavorable, I placed it slightly below the candle that formed a long lower wick after analyzing the price action. XMTrading — Standard & KIWAMI account options: Open XMTrading ↗ Standard may suit eligible deposit-bonus offers; KIWAMI is a lower-spread option without a deposit bonus. Check the current country-specific terms and trading costs. TradingView — charts: Open TradingView charts ↗ Forex/CFDs carry a high risk of loss. Eligibility depends on your country. Not investment advice.