elio1618

elio1618

1h Chart !

elio1618

Maybe we are in a 4th correction wave !

elio1618

Downtrend continuation !!!

elio1618 Updated 

The turmoil in Europe ( French elections and British Elections) may lead to a stronger Dollar and may initiate a sell of Pound . Personal outlook !

elio1618

Regarding the fact that XAUUSD moved over the death cross and is inside triangle can brake quite fast and that can lead to a hole new open field of profits if this trend is followed !

elio1618

Looking for long term trading this is a chart that can show the opportunity of making a trade with a Risk/Reward Ratio of 4.2 ! For every dollar of risk you can make 4.2 dollars. The target profit is at that level because it is the level 0.618 of the downtrend that can retrace back to that point plus showing a higher high with the new formed trend( the bullish trend )

elio1618 Updated 

A quick preview of what can happen if the main support is not broken a RRR 2.28 is possible !