Long

XAUUSD TRADE IDEA

Updated

Trading against the trend here. but looking to buy the pullback which would also be the abc correctional wave pattern to the elliot wave that was completed. Targets are 38.2 and 61.8 final tp is at psych level 1220. Risking 30 pips have lower time frame emas crossing with candle stick patterns forming on higher tfs.

Note

widing stop loss for possible w to form

Note

stop loss below 1220

Note

TP1 would be 1212.5 80 pips for safety

Note

SL was hit -30 pips reentered though becasue anaylis is still good we just formed a w looking for price to go to 1212.5 or 1220. Can set two TPs if you wish.

Note

If you rentered like I said TP hit +150 PIPS

Caleb9995

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.