hi traders,
The current swing of the XAUUSD in daily time frame got delicious risk: reward ratio.
If the 4H candle closes above 2041.29, the impulse wave of the swing starts.
SL : 2009.96
Target : 2228.13
Risk : Reward => 1:6.07
Here the market is selling but will still make some change according to the Elliott wave predicting that level of 5 will still complete by going up,So going for long trade is needed
Discussion:
1. Example on Natural Gas - breaking away from its range
2. Beginning stage of a “Growth” stage
3. Identifying and trading in its uptrend with multiple timeframes
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing...
A follow-up detail on the GBPCHF was published last week (see link below for reference purposes) where we closed with around 60pips profit when the price hit our stop-loss.
Now, the structure is tending to reveal to us another opportunity to give a buy situation another chance as the bullish trendline identified on the 1H time frame shall serve as our yardstick...
