XAUUSD could be printing the incline to the right shoulder for a move up this week and a possible reversal to complete the right shoulder once it reaches the indicated PRZ. If this happens it will line up with my other XAUUSD idea. I will post updates as things progress. As always, Thanks for checking out my ideas and please comment and like.
Best Regards,
TN.
Best Regards,
TN.
Comment:
Trade is going well, price action is now above the 50 EMA on the H4 time frame. If price can close above 1237 on H4 we will most likely see 125x. Be mindful of your risk management while in this trade. As always, Thanks for checking out my ideas and please comment and like.
Trade active:
Still looking for price to close above 1237.
Trade active:
Price closed above 1237 today and is on its way to the PRZ of the right shoulder. I now have a active trailing stop on this trade.
Trade active:
Looks like price is starting to react to the PRZ. I am going to tighten my trailing stop and possibly look for a take profit soon.
Trade closed: target reached:
Closing out with profit here. Will wait for indications to see if this will continue up or begin descending to complete the right shoulder. I will post updates as things progress. I hope everyone made a good return on this idea and I'm always available for discussion on PM if you have any questions.