●● Mine scenario
● 1W
It is very likely that, as in the case of XAU/USD , the wave (V) of the " Supercycle " degree forms the Ending Diagonal I- II-III-IV-V .
● 1D
A variant of count of the triangle ((B)) of I .
● 23h
A variant of count of the wave (1) of ((C)) in the form of a single zigzag A - B - C .
● 6h
I expect the...
Analysis
-XAUJPY looking bullish after showing signs of a reversal. Sellers pushed price down into support but the following day, buyers bid up the price to back above support before the second daily candle close.
-The 2 candle price action resulted in a bullish engulfing setup AT SUPPORT which is a bullish sign.
-The third day (after daily bullish engulfing...
