# XAU Trading Plan (4H Chart)
## Entry
- Buy at completion of wave 4 correction
- Must coincide with 0.50 Fib retracement
- Confirm with impulse candle breaking wave 4 high
## Wave Structure
- potentialy 5 wave up
- Wave 3 cannot be shortest impulse
- Wave 4 must not overlap wave 1
## Risk
- Stop loss below wave 4 low
- Risk 1-3% of capital
## Targets
-Wave 5 at 3434.45 or the next resistance
-Floating profit
## Exit Rules
- break support 3250 area
## Entry
- Buy at completion of wave 4 correction
- Must coincide with 0.50 Fib retracement
- Confirm with impulse candle breaking wave 4 high
## Wave Structure
- potentialy 5 wave up
- Wave 3 cannot be shortest impulse
- Wave 4 must not overlap wave 1
## Risk
- Stop loss below wave 4 low
- Risk 1-3% of capital
## Targets
-Wave 5 at 3434.45 or the next resistance
-Floating profit
## Exit Rules
- break support 3250 area
Trade active
Adding position and impulsive structure still validTrade closed: stop reached
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.
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.