ccerezo11
Long

LONG POSITION ON XAAUSD - SWING

FX_IDC:XAUUSD   Gold / U.S. Dollar
INDICATIONS ARE WRITTEN IN MY ANALISIS BUT I AM PRETTY SURE THE MARKET IS GOING UP AFTER THIS FLAG FORMATION ON THE UP TREND. ALSO DETECTING A PROBABLE ELIOT WAVE AND I AM VERY SURE MY ENTRY IS GOING TO BE THE START OF THE THIRD IMPULSE. HOWEVER, IN CASE I WAS NOT SURE OF ENETERING, I WOULD HAVE WAITED UNTIL THE BRAKE AND RETEST OF THE ORANGE LEVEL CORRESPONDING THE LAST RESISTANCE. TELL ME YOUR OPINION!
Comment: THE FIRST TRADE PLACED IN THE ANALISIS DID NOT GO WELL BUT THE DIRECTION SEEMS TO BE GOING UP AS PLANNED SO LET'S WAIT FOR THE MARKET TO BRAKE THE HORIZONTAL LEVEL DRAWN WITH A LONG RECTANGLE AND LOOK FOR A RETEST. THAT WAY WE WILL FINALLY CONFIRM A GREAT ENTRY AND LOOK FOR BIG PROFITS!
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