XAUUSD Trading strategy for complex corrections

Look at H1
- We see that currently the price is tending to form a triangle correction pattern.
- As I said before, the price is currently in a complicated adjustment process, we can only wait for the model to complete to determine the next trend.
- And I am also predicting an ABC correction model with the target wave C on the chart with 2 price ranges 2350 and 2365. However, currently we see that the price is in a position where it can form a triangle correction model and ABC correction pattern may continue. So at the present time we wait at the price of 2341.8 to confirm any model.
- If the price breaks 2341.8, the targets of wave C continue to be completed. Then we wait for the target levels of wave C, i.e. area 2350 or area 2365, to sell down.
- If the price cannot break the 2341.8 area, the price may form a triangle correction pattern abcde. Then we wait for the price to break the lower boundary of the triangle pattern to sell to the target area of ​​wave 5.

In general, in a complex adjustment process, it is not feasible to conduct many transactions in this area, so we should patiently wait for the target areas. In this process we will prioritize Scalping

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Hopefully we can see that the price has broken through the upper boundary and the price cycle will complete the ABC correction wave

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+ 80 pips

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Price broke out of the triangle wedge this morning with a strong candle. So we are leaning towards the ABC correction model
- So for the price target of wave C, we will wait to find a SELL transaction point