GOLD SHORT
Why are we entering?
- Expecting USD strength = GOLD SHORT
- We are in wave 5, subwave 5, microwave 3 in our Elliot wave analysis
- We are expecting price to reverse at our 0.618 fibonacci level
What is our confirmation?
- Rejection from our 0.618 fibonacci level
- Rejection from our trendline
- Rejection from our structure level
Entry
- Safe Entry: Rejection of our SELL zone with a break of our WFB
- Risk Entry: Rejection of our SELL zone
- Risk Entry 2: Early break of WFB
Once entered, where will our Stoploss be?
- Above our fibonacci: 1691 (50 pips)
Where do we take profits?
First TP - Previous low: 1617 (700pips)
Final TP - -0.27 fibonacci: 1587 (1000pips)
Be sure to check out my other trade ideas below!!!
Why are we entering?
- Expecting USD strength = GOLD SHORT
- We are in wave 5, subwave 5, microwave 3 in our Elliot wave analysis
- We are expecting price to reverse at our 0.618 fibonacci level
What is our confirmation?
- Rejection from our 0.618 fibonacci level
- Rejection from our trendline
- Rejection from our structure level
Entry
- Safe Entry: Rejection of our SELL zone with a break of our WFB
- Risk Entry: Rejection of our SELL zone
- Risk Entry 2: Early break of WFB
Once entered, where will our Stoploss be?
- Above our fibonacci: 1691 (50 pips)
Where do we take profits?
First TP - Previous low: 1617 (700pips)
Final TP - -0.27 fibonacci: 1587 (1000pips)
Be sure to check out my other trade ideas below!!!
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VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
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.
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
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.