Here what I believe it's going to happen with Gold in the next minutes, if the price complete the Harmonic Pattern it's going to reverse slightly to the upside, cuz the real trend it's up and that it's just a retracement move.
That being said, let's go to the simple rules to follow.
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
3. Terminal Bar - Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign - Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign - Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3.
" The earth is filled with your love,
Lord;
teach me your decrees."
That being said, let's go to the simple rules to follow.
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
3. Terminal Bar - Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign - Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign - Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3.
" The earth is filled with your love,
Lord;
teach me your decrees."
Comment:
Now it seems to be a great time enter in the trade cuz we have a beautiful reversal signal following with a confirmation!
But let's be careful cuz it's quite dangerous to enter in the trade right now, let's just wait for all the points to be fulfilled so then we can trade!