Ichimoku MTF Analysis
Pair: GOLD
Weekly : Side-way (Corrective ABC)
Daily: Bullish
H4: Bullish (Impulsive)
Trading Plan: Weekly corrective wave not yet completed. Since Daily and H4 TF trend are bullish, we want to go for long trade. However, Wave (v) in H4 reached to complete Wave (iii) in Daily TF. We probably can see a movement to Wave (iv) Daily TF, a corrective wave. Lets wait for Wave (iv) before enter long.
Can trade with H1 TF for short term profit.
Note: Do not trust my count on wave. I'm not expert in Elliote Wave.
Pair: GOLD
Weekly : Side-way (Corrective ABC)
Daily: Bullish
H4: Bullish (Impulsive)
Trading Plan: Weekly corrective wave not yet completed. Since Daily and H4 TF trend are bullish, we want to go for long trade. However, Wave (v) in H4 reached to complete Wave (iii) in Daily TF. We probably can see a movement to Wave (iv) Daily TF, a corrective wave. Lets wait for Wave (iv) before enter long.
Can trade with H1 TF for short term profit.
Note: Do not trust my count on wave. I'm not expert in Elliote Wave.
Note
Daily chart:
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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.