GOLD ANALYSIS. LOOKING TO SHORT!
Updated
Hello Traders
Currently we are forming subwave 4 in our bearish motive.
We are expecting price to reverse at our 0.618 fibonacci level now as we can see a trendline and our DAILY EMA here.
We are also expecting price not to surpass our wave 4 invalidation box which is where we will place SL's.
Currently we are forming subwave 4 in our bearish motive.
We are expecting price to reverse at our 0.618 fibonacci level now as we can see a trendline and our DAILY EMA here.
We are also expecting price not to surpass our wave 4 invalidation box which is where we will place SL's.
Trade active
Initial zone hit SL. We entered on our wave 4 invalidation level where we got a perfect short and rectified our first entry hitting SL!
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