The following plan focuses on a short strategy that takes advantage of an expanding flat structure, specifically targeting short opportunities after a price breakout in wave A, expecting a price pullback before completing wave C.
Strategy :
Expanding Flat Structure: Identify an expanding flat structure, which consists of a three-wave pattern labeled as...
The following plan focuses on two main strategies: short trading opportunities when price pullbacks against a high wave (x), and long trading opportunities when a wave completes with a correction (3, 7, 11) against a low wave 2 minor.
Short Strategy:
Look for a high wave (x): Identify an extended move to the upside that creates a significant high point on the...
My trading plan is to buy XAU/USD at the H4 timeframe based on the bullish sequence, with a risk-reward ratio of 1:3.
I'll use a stop-loss order at FE 1.618 + 10 Pips (Spread) and set a take-profit order three times further away from my entry point.
I'll monitor the market for any changes in the bullish sequence or external factors that may affect the price of...
