GOLD ANALYSIS. LOOKING TO SHORT!
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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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.