Intraday short position (03-05-2018, 21:45) on
XAUUSD
based off 15m and 4h time frames.
High probability analysis based on Elliot's waves theory and Fibonacci's retracement.
The position is open in proximity of the probable high in the correction after the completion of the prior impulsive wave.
Price targets (stop loss and take profit) has been determined combining internal retracement and APP (Fibonacci extension).
15m DTosc pointing in the direction of the trade.
4h DTosc oversold (indicates that the correction is near its completion).
NB; this is not a trading signal.
XAUUSD
based off 15m and 4h time frames. High probability analysis based on Elliot's waves theory and Fibonacci's retracement.
The position is open in proximity of the probable high in the correction after the completion of the prior impulsive wave.
Price targets (stop loss and take profit) has been determined combining internal retracement and APP (Fibonacci extension).
15m DTosc pointing in the direction of the trade.
4h DTosc oversold (indicates that the correction is near its completion).
NB; this is not a trading signal.
Trade closed: target reached