wait until setup clearly complete wave A, downward move to complete B then ride wave C. Im expecting wave C will return to retest for the previous breakout.
After hit my Take Profit previous sell position in the earlier analysis last week, im waiting for buying setup by an impulsive wave up. Unfortunately, price goes down deeper to complete 5 wave of wave 5 downside in the bigger Time Frame. Until Thursday, i already found a nice setup which is completely fullfill my criteria to buy. 1stly, there are divergence shown...
Base of yesterday analysis, if u already sell gold on my range given, u have already earned 260 pips form 1920. However, in this wave 4 i found a new triangle structure form. that means the coreection will made 3-3-3-3-3 move and will take some more time to complete. i suggest to sell from the top of E wave in triangle when the price return and retest at the...
As i said in the analysis before, momentum of bullish dissappeared. already hit my invalidation level and going down with impulsive movement. Here are my recount counting for bearish movement to ride wave 5 of impulsive. U can seek sell position in the bluebox area which is between level 61.8 and 50.0 of fibonacci around 1912-1921. It already hit this level and...
Buy setup clearly appeared but momentum of buyer dissappeared. However i will monitor the bluebox level to entry buy position as im still bias Gold go for next upward movement based on my counting. Therefore, risk will goes minimal when u entry at that level since 1933 shall be indicate as invalidation level to buy. As we can see, market already rejecting my...
FOMC meeting last night give some strength for USD. This fundamental moves complete correction cycle for Gold to move higher. U can seek for buy in the bluebox area. Stop loss can be place at the invalidation level at 1937. If this level breaks, big possibility price will push more downwards.
5 Impulsive mode already clear appeared. Corrective in progress to make a lower movement. See what price will react when retest process happen at trendline. Divergence already appear at 4H chart to make it pullback for a sharp correction.
Wait until price reach blue box and made reversal candle or pattern.