My trading plan is to buy XAU/USD at the H4 timeframe based on the bullish sequence, with a risk-reward ratio of 1:3. I'll use a stop-loss order at FE 1.618 + 10 Pips (Spread) and set a take-profit order three times further away from my entry point. I'll monitor the market for any changes in the bullish sequence or external factors that may affect the price of...
Market Geometry Astrology Cycles Gann Theory and Laws Fibonacci Mathematics Elliot Waves
Next ATL : 22.02.2020 Next ATH: 06.02.2021 Second ATL: 01.03.2025 This is Not A Financial Advice, It is A Study Case For Myself. I will try to share the development, as simple as I can ; DAY ONE (on chart) to ATH-1 , we have 325 days (included). So I tried to find a sequence with fibonacci. What I found was ATH-1 to ATH-2 is following 2,618 fibonacci days...
I'm trying to learn fib sequences, so I'm publishing this idea to see if at a later date this pans out. I would tend to be short on this asset though.