XAUUSD - SHORT - Sell Orders - Bearish ReversalI've been able to ride the entire bullish rally.
Now I want to short XAUUSD. Let me tell you why!
A complete 5-wave sequence in an impulse has completed.
The Fractal which I posted before has completed as well.
At the breaking point, I noticed the change and was able to continue the bullish impulse.
(check my updates)
I've even been able to extend my bullish views on the consolidation and continuation patterns, while a lot out there were turning bearish too early.
A bearish sequence should commence.
Aug 13th fall has shown consistency, retracing 38.2% of the entire above-mentioned rally.
This is a retracement typical for a wave A or a wave 1.
What am I expecting after the successful rally?
This:
Technicals in favor of a bearish swing:
- Five-swing sequence complete
- Bearish Divergence
- 78.6% Fibonacci Retracement
- Bearish Harmonic
- Corrective three-swing sequence in an ABC
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XAUUSD - SHORT - Sell Orders
(my orders, shared with my members)
Trade 1: Entry @ 1513.00 with SL @ 1537.5
Trade 2: Entry @ 1523.00 with SL @ 1540.00
TP @ 1465.00 / 1440.00 / 1410.00 / 1395.00 / 1380.00
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As always,
Many pips ahead!
*More details about me in my signature.
P.S. Please support me with a like if you think I deserve it, thanks.
