Ending Diagonal in a C wave. Bearish Cypher allowing the rise towards the Fibs. H&S as the reversal pattern.
Strategy: one in the green, moving SL to BE. This will allow shorting later, with lowest risk.
Ghi chú
SL placed at BE, with the intention to hunt the short.
Ghi chú
One more rise should occur, followed by a deeper fall. Shorting around 1540-1545, with the long in place, at break-even. Taking profit on the long as it unfolds and confirms the fall (breach).
Đóng lệnh: dừng lỗ
Quick short-term long stopped out in small profit.
Ghi chú
Short (bearish leg) caught in due time, with a gain.
Giao dịch đang hoạt động
Bullish retracement in play, until the reversal Fibs.
Đóng lệnh: dừng lỗ
SL reached for the attempt to go long again.
Giao dịch đang hoạt động
A pull-back on XAUUSD would occur before the bigger fall would start.
Why am I saying that?
- Lower trend-line of the channel could provide support. - Bullish Divergence could start the bullish sequence. - Secondary H&S awaiting - 5 waves down should be followed by a 3 wave pull-back - Harmonics agree with a retracement - Correlations would support this, as the VIX is about to continue the spike and global Indices are sitting on the edge of the cliff - Fundamentally speaking, risk-off is around the corner
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