emilsoojiovsky

emilsoojiovsky Updated 

Hello traders. In this chart I want to review the possibility that we are in a corrective triangle. despite the fact that I expected a trend reversal from lows of July, the market managed to go down to the 1886 level to create a supportive trend line. as you can see in this chart, it seems to me that price is in a corrective 5 wave triangle and it can probably...

emilsoojiovsky

Now I expect the end of wave b and waiting for triggers to go long from here

emilsoojiovsky Updated 

as I explained in my previous idea, one of these two pathways (probably the second one) are likely. let's see what will happen

emilsoojiovsky

Hello everybody. In today's analysis I am going to take a look at the XAUUSD chart and review my previous analysis of the price. in the last analysis I indicated wave patterns in downward movement. currently, It seems to me that we are in the wave B of an upward ABC. as you can see the price is yet to break the resistance line with a close above the resistance....

emilsoojiovsky

hello everybody. as you can see in my wave analysis, this is going to be a correction from the last major high. it seems to me that we have completed a 1-5 for wave (A) and now we are in the wave (B) of corective ABC. we expect the uptrend to continues to the fib lvls. Anyway breakig the 2070 high will invaidate this analysis. in the next days I'll keep an eye on...

emilsoojiovsky

As I labaled on the chart, I expect the end of D wave in the near future. I will wait for a confirmation in lower timeframes and after that i'll look forward to find oppurtunities to enter short positions.

emilsoojiovsky

I can see a caps on price structure formed in gold so it's an opportunity to sell it from mentioned base with a narrow stop.

emilsoojiovsky

Gold reached the breaker block area so I expect a downward movement right from here.

emilsoojiovsky

We are waiting for price to reach above 1660 and then there are opportunities to further short xauusd.

emilsoojiovsky

As expected selling pressure didn't let the price pass the 1680-1690 lvl. We expect further downward movement after enfolding the support zone.

emilsoojiovsky

Hello everyone. From last night analysis price reached the target but unfortunately I couldn't fill my bags with short positions but I don't regret it because it's better to be safe than sorry. I'm still looking for future opportunities to short the pair from anywhere near the marked resistance. We can open some risky long positions from marked support but only...

emilsoojiovsky

Xauusd made a cap structure and it's probably going to fall to the next base from here so we keep looking for any signal that suggest a short position anywhere near 1710level.