Hi traders,
Last week XAUUSD finished the corrective pattern and closed above the previous ATH making the wavecount idea invalid.
Because the bigger correction only came into the 23.6 fib retracement this can not be wave 2 and this has to be wave 4. So I've updated the wavecount.
Next week we could see more upside for this pair.
But let's see what price does and react.
Trade idea: Wait for a small correction down and a change in orderflow to bullish on a lower timeframe to trade longs.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it.
I do not provide signals.
Don't be emotional, just trade!
Eduwave
Last week XAUUSD finished the corrective pattern and closed above the previous ATH making the wavecount idea invalid.
Because the bigger correction only came into the 23.6 fib retracement this can not be wave 2 and this has to be wave 4. So I've updated the wavecount.
Next week we could see more upside for this pair.
But let's see what price does and react.
Trade idea: Wait for a small correction down and a change in orderflow to bullish on a lower timeframe to trade longs.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it.
I do not provide signals.
Don't be emotional, just trade!
Eduwave
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💯 Learn to trade my plan based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
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.
🆓 Check my IG posts for free education
💯 Learn to trade my plan based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
💯 Learn to trade my plan based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
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.