This is a technical analysis for daily trading on the XAUUSD pair. Only using WAVE we can create Sell Limit and Buy Limit pending orders with R:R 1:1.25.
Sell Limit: 2040.00
SL : 2043.83
TP: 2035.24
Buy Limit : 2032.38
SL : 2028.56
TP: 2037.15
Note:
* Close sell limit if the price has reached 2028.56
* Close buy limit if the price has touched 2043.83
Mark body base engulfing in TF h4
Wait for the price to return to the base h4 area
After the price returns to the h4 base area then we move to the h1 TF
Wait for a breakout to form with the CB1 Pattern or Dominant Break
Entry when the h1 close candle occurs Breakout
Use Fibonacci level 0 for SL
and Level 2.61 for TP
NB : Move SL to the Fibonacci 0.5 level if the...
Mark body base engulfing in TF h4
Wait for the price to return to the base h4 area
After the price returns to the h4 base area then we move to the h1 TF
Wait for a breakout to form with the CB1 Pattern or Dominant Break
Entry when the h1 close candle occurs Breakout
Use Fibonacci level 0 for SL
and Level 2.61 for TP
NB : Move SL to the Fibonacci 0.5 level if the...
Mark body base engulfing in TF h4
Wait for the price to return to the base h4 area
After the price returns to the h4 base area then we move to the h1 TF
Wait for a breakout to form with the CB1 Pattern or Dominant Break
Entry when the h1 close candle occurs Breakout
Use Fibonacci level 0 for SL
and Level 2.61 for TP
NB : Move SL to the Fibonacci 0.5 level if the...
Mark body base engulfing in TF h4
Wait for the price to return to the base h4 area
After the price returns to the h4 base area then we move to the h1 TF
Wait for a breakout to form with the CB1 Pattern or Dominant Break
Entry when the h1 close candle occurs Breakout
Use Fibonacci level 0 for SL
and Level 2.61 for TP
NB : Move SL to the Fibonacci 0.5 level if the...
