So NFP, Did not go as the previous posts suggested, Now we have a massive collapse in XAU and a rallying of the $, BUT we have since made a potentially better set up, because now the 4H chart is making this Gartley Harmonic after a markdown from the $1900 levels. This structure can act as an accumulation, We can look to buy XAU upto $1830, and the 1.618 extension as a far target at the price $1910. The important thing to remember with these harmonics, is that everything I am sharing is over 1:3 RR, this means breakeven is somewhere between 25%-33% winrate, When the next set up comes I take it.
Trade active
Comment:
$1765 and $1761, Revenge shall be sweet.
Comment:
*Bat not gartley...
Comment:
Take some profit @$1790 and $1830 if we get there.
Trade closed: stop reached
Comment:
Man gold be out here wilding right now haha
Comment:
So now we have two good trades, and two crap