XAUUSD is in the end of Elliott Wave structure (according to my counting at least). I expect ABC correction coming soon. If it breaks structure and we get a correction it will be a great short opportunity.
In addition we have 4 hour regular divergence!
Thank you for your support everyone!
Comment
⋅
If it retest the broken trendline, probably i will add to this position, since i already have 1 (check my last XAUUSD idea update)
Comment
⋅
I did not added a position, however i moved my first's position SL within profit area to lock profits. Risk free trade. I think before FED tonight, i will close it. I do not want to risk in high impact news
Comments
Rohan_Jas
⋅
possible to enter sell possithion know... or need to breakout... Sir...
NTrading
⋅
Thank you for your comment, i will personally wait for a breakout. If it breaks higher it means it has a bit more way to the top and then down, so i will wait for a breakout to the bottom.