Fxequinox

Fxequinox

It good break from daily resistant And wait for pull back

Fxequinox

we can look at daily TF that bearish happened then i found that on H4 was starting 3rd wave elliot wave so i plan to sell after H4 making retracement and waiting at m30 to break down trend line then there we go for Short/sell position

Fxequinox

long position in queue lol last night prior trend on H4 was broken and it change the trend direction to be up trend for now waiting for a chance to long/buy position on retracement area from H4 impulsive move or we could take small short position using m15 trend and get out after the trend line break on golden area at H4

Fxequinox

M15 appear double top and it break trend line i do short untill H4 golden area retracement And ema H4 still not crossing each other

Fxequinox

H4 last price action is engulf It look like it is first sign of bullis start to take the stage And currently it break trend line at H4 TF And it still far from down trend line at Daily TF So i will take long positin as long as H4 succes bouncing at retracement fibo 50%-61%

Fxequinox

for now i just plan to take short position at m30 until reach DAILY TF trend line and i will wait for break up down trend line at 4 HOUR TF

Fxequinox

It look like gold making retrace on Daily TF And today the price is inside golden area of fibo daily TF Hope that it will be good sign to long tomorrow because harami appear

Fxequinox

Short on daily TF correction Find wave from m15 to take chance for short Count it 5 wave then change for buy

Fxequinox

for next several hour it may be good to take long position especially because Daily timeframe is on the way to go up and last week move was corrective move on H1 and H4 timeframe so we need to hunt from M15 timeframe to get good position as Day Trader

Fxequinox

M15 on prior correction Waiting for confirmation impulsive move on H1 or H4

Fxequinox Updated 

here is may be long position plan for several hours later it might cannot finish full impulsive move but hope still good to take amount of profit

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It may be last wave of m15 And it look like gold making a prior correction So i take fibo on daily time frame to make a plan Another long coming

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Such a monstrous pin bar on daily time frame And it is near resistant level Is gold going short again?

Fxequinox

it may be the 3rd wave on daily time frame, and then break it down to H1 looks like on corrective move so it better to wait for confirmation before taking long position

Fxequinox

There is a sign of long pin bar (bullish) to EMA 21 on TF M15

Fxequinox

FXOPEN:XAUUSD waiting for open position near S&R