D1 We have signs of bearish divergence but divergence doesn't mean the end of the trend.
H4 We have no divergence in a wave Y up so I can't rule out the Z to complete the structure and give us the bearish divergence on the H4.
H1 We have bearish divergence and the bearish convergence so I'm waiting for the retracement to trade the C wave down, if were lucky it falls over from here. If we get a nice retracement and nice sell setup it's important to take these sell setup's because were at a high. You can also look to sell the bear flag for the short scalp but the safest trade is to wait for the retracement then waiting for your sell setup.
D1 Wave Z Up, checkout my last gold idea to get up to speed thanks.
W1 Long Term Outlook, checkout the idea to see the big picture thanks.
Good luck and trade safe!
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Gold H1 breaking tl and getting macd cross down
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H1 We have broken the low of wave A so it's time to move to BE 1st targeting the 100fib
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H1 Caution!! Idea, check it out to get up to speed thanks.
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H4 Internal C Wave Down (H1 Chart), checkout the latest idea to get up to speed thanks.
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H4 Wave C Down (H1 Chart) Update, checkout the latest idea to get up to speed thanks.
Love the look of this bro! placed a short at 1582.84 so hopefully we can hit where you're saying!
Keep up the good work bro!
Boon2
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@JamesTatton158, Cheers, H4 I still can't rule out the Z up so we need to watch price action and the macd for any signs of bullish divergence.
JamesTatton158
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@Boon2, its currently 2:41AM and im staying with it mate, gonna be a late one either way lol
Boon2
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@JamesTatton158, You got a good entry, I would move to BE and set your TP and crash out. You might wake up with profit in the bank while you sleep, I find shutting the laptop down and letting price play out often are the best trades.
JamesTatton158
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@Boon2, you're a top guy bro, ive but my SL at 1543.50 so will still be in for a mint worst case! Take care on your trades bro, got a new follower now. Bless up
Boon2
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@JamesTatton158, Looking at the H4 if were going to get the Z up this move down is defiantly not all the correction in wave X and we will get something like in the pic. But maybe we have reached a top on the D1 and if this is the case price will just fall over from here breaking the larger TL and won't get back to your entry, if this is the case price will break threw the H1 100fib no problem at all and then we can add on the smaller corrections and flags.
Boon2
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thats why we need to watch the price action and macd on h1 for bull divergence
DariusFxTrading
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Nice Analysis. Like it
Boon2
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@Darius17, Cheers, Lets see if we get the H4 Z up or not, Looks like were at the start of the H1 wave C down.
Keep up the good work bro!