2) Ex-support and
USD seem to be weakening due to the election currently held in US as country risk (uncertainty) is higher. Therefore, entering short in Gold pair are quite risky as short in Gold = believing USD will be appreciate. So this trade will only be executed when there is more confirmation on trend reversal. If the price move beyond 1276.6 (AB leg 0.886 Fibo retracement), this pattern will no longer be valid anymore.
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
SL will move to breakeven when price reached 1259
Another free trade :D
Next Opportunity !!!
Correct me if I'm wrong because I'm new to harmonic. Still learning on how these pattern works :)
Seem like there is still a lot for me to learn ... Really appreciate your help :)
Ya ~ my R&R always more than 1 ... normally is around 2.5 and sometimes can up to 7 :)
Besides, I will always move my SL to breakeven to preserve my capital :)