Still expecting this pair tp go deeper. Now price is flatting, therefore i am expecting little up movement for C wave (green) after which we may go down for 3rd wave (red). Blue rectangle is entry zone.
Recounted the waves on this pair. Expecting further decline only after breakthrough of down trendline and will enter after retest. See the chart.
Waiting to short OIL. I recommend to enter after breakthrough of down trendline which i mentioned on chart.
1st wave (blue) has been completed, and seems we have starting 2nd wave (blue), in which we had A wave (red) and after price went to complete B wave (red). I think it is better to enter short nearby 0.5-0.618 fibo levels in which i drew blue rectangle. Therefore blue rectangle is optimal area to short gold. Red like is stop loss, green one is take profit.
Seems correction was deeper when expected. Stop loss is tight because price is in significant fibo level. Trade is taken because still believe on this pair's growth. Previous trade at this night on this pair was stopped out.
We are in 3rd wave (green), planning to enter in blue rectangle area where we may have 4th wave which is correction. 4th wave is put where 1st wave had ended because according to Wave theory end of 4th wave does not cross end of 1st wave. Red line is stop loss, green is take profit. Fibo is used to predict the ending of 3rd wave.
Possib to enter after price pullback which will happen next week. We are in 3rd wave (red), and we had 1st bullish impulse wave (green) after which we may have opportunity to add long. Therefore wait for 2nd wave (green) of 3rd wave (red).
Price have retested broken down trendline of diagonal triangle. Waiting for price to go deeper in upcoming week.
Price was struggling to break this diagonal triangle, but eventually broke. In upcoming hours we may see retest of broken trend-line and deeper continuation down, or immediate continuation. Two choices, enter now with big stop loss like 80-100 pips, or wait for possible retest. Red line is my recommended stop loss, green is recommended take profit.
Price made correction which was 2nd wave (green). And was struglling to up. However, i am still bullish on this pair. Therefore, i am longing it. Stop loss is tight, which gives us great opportunity for bullish swing trade. Also DXY is pretty strong nowadays and will continue like that. Stop los and take profit are just a recommendations, you can set own.
Dont be afraid of strange wave counting that 1 wave is bigger than the rest, that is according to pattern that we have on USDCHF. This pair is flatting. And price is in 2nd wave (red) we havent completed C wave (green) yet ,i think. But 2nd wave may be as a flat. Therefore i put recommended entry zone for you, which is blue rectangle, and red line is recommended...
3rd wave may be already started, and also we have 1st bullish wave, and a little correction which 2nd wave (red). Blue rectangle is are where you can enter (as you see, you can enter now, or wait for lower price, if price will move so). Red line is recommended stop loss, and green line is recommended take profit. I think we may see some bullish movements on this...
Seems that price is 3rd wave (greed), and my target is by 1.61 fibo level. According to Wave principles 3rd wave is equal to 1.61 of 1st wave.
Its possible to enter now or wait for correction to catch the 3rd wave (blue). We are in 1st wave (blue). after which we may see 2nd wave (blue) and i think we may see it by the end of the week. So, lets wait.
For those who want to catch few pips before up movement.
I dont like this kind of correction, but seems the main movement is right, Also 2nd wave (green) retraced from 0.236 fibo level which is not typical.
2nd wave (green) has been completed as a double zi-zag, therefore i think its good time to enter shorts. Also, we have important fibo levels for correction of the price.
Price retraced from significant fibo level. Moreover, seems that ABC correction (red) is completed in 2nd wave (blue).