Hi traders,
Last week XAUUSD went higher. Now there are multiple possibilities
Next week we could see this pair drop (maybe one small leg up before) to continue the last black wave C to complete the bigger (black) ABC correction down. But it's also possible that it makes a bigger triangle or that it break the high of the (blue) wave a.
Let's see what price does and react.
Trade idea: trade (short term?) sells after a change in orderflow to bearish.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Last week XAUUSD went higher. Now there are multiple possibilities
Next week we could see this pair drop (maybe one small leg up before) to continue the last black wave C to complete the bigger (black) ABC correction down. But it's also possible that it makes a bigger triangle or that it break the high of the (blue) wave a.
Let's see what price does and react.
Trade idea: trade (short term?) sells after a change in orderflow to bearish.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave