Gold's third wave was normal(on Weekly). This will make 5th wave extended.
Therefore, long is for sure.
However, the question is where should one enter for min risk and max loss.
I have used Ichimoku strategy to place my entry. SL just below the current low on daily. If SL hits we exit and wait for another re entry.
And if everything works out as planned exit...
This is a short swing trade for GBP CHf. This set up is 85% accurate. However, don't go huge on it lest we fall on the other 15% :)
Trade small lot and stay safe.
I think EurUsd is doing a sideways or complex correction of wave 4.
If I am right the price will not fall and close below the wave 1.
From here, we can target 130 pips, equal to wave 1, for wave 5.
We are in primary wave (3) for AudUsd.
the wave (3) is sub dividing itself. If the price falls below the stop loss level my theory will be invalidated.
Cad Jpy has completed wave 3 and is due for a sharp 4th wave correction.
Buy just above 82.80 level with stop loss below 82.65
close your buy once the price takes the new high as it will come again at this level for the abc correction.
This is my analysis of EurUsd.
I have counted it as the fifth wave of primary wave 3rd. After which the pair will go down to make a correction. And then shoot back up to make wave 5.
If you have any questions please comment. thanks.
Bias presented in the chart.
You can get out after wave 3 is completed. or hold till wave 5 is done
Wave 4 will be sharp correction so add more positions. Add more pos when price comes near top of wave 1
Possible start of wave 3 in 15 min for CadJpy
sl below the start of wave 1
tp: draw a trendline connecting the last two swing high in daily. tp when price touches it. Or follow the one in chart.
Eur Usd is bullish as per my view. On the bigger picture, weekly, It seems the end of Wave 2 and beginning of Wave 3.
However, I am using the 4H TF to gain entry into a long position.
In the chart, the entry line is 0.786 of the last leg up which could possibly be Wave 1 in 4H TF. And the point 0.786 level could mark end of wave 2
Buying at 0.786 give us 35...
Gold is on Wave 4 as per weekly which is a correction wave.
On daily gold is doing a correction for the entire 5 wave. That is Gold is doing correction in daily and weekly.
Trying to trade gold at this time is not suggested. Let it come to further low and then got on the fifth wave as per weekly.
Gold could possibly reach the 1350 area and could rally up from...
