purplestork

purplestork

price already forming rejection. now time to short . pls calculated the risk to reward ration make sure it is rewarding enough for the risk

purplestork

we already got TP1 for this trade. next is TP2 and shorting for correction

purplestork

price is nearing our entry zone now. kiv for decreasing volume and rejection as confirmation to long eurusd. possibility of catching wave 3 with this trade.

purplestork

price already enter our safezone and showing rejection. time to place order

purplestork

price already trigger at safezone make sure you calculated the risk to reward ratio. we will keep in view of current latest price reaction of both zone buy and sell

purplestork

we are going to look for rejection and decreasing volume ( confirmation ) before shorting gold. as shown above there are 2 important zone we need to keep in view. TP - 1784.0 TP2- 1750.0

purplestork

As we can see price already break descending equisdistant channel, there is posibility the trend for bull is forming. we can expect current price to be the 1st wave leg. KIV. for decreasing for rejection and decreasing volume candle.

purplestork Updated 

I used Elliot wave analysis combine with volume analysis based on candlestick pattern. Suspecting price currently in progress of forming flag pattern. I will wait for confirmation by using decreasing volume candlestick pattern and rejection of volume before entering the trade.