alidzh

alidzh

Regarding 4H timeframe, the gold can increase so by finding an HD in 1H or 30 Min time frame the position can be activated. the Tp and the Sl are shown.

alidzh

This position is lees risky when the double top will be visible and confirmed at low timeframe.

alidzh Updated 

The second scenario will occur if the last wave 2 or B is not broken

alidzh

Sell position for short term due to elliot wave which is described in the chart