Hello Traders,
Happy New Year All!!!
I wish you all a very successful 2023!
Today we are looking at
XAUUSD where we have identified a solid zone of reversal.
Why are we entering?
- We are at the end of our subwave 2 correction. We are now expecting bearish subwave 3 to occur which is a impulsive wave.
- We are expecting a rejection from our -1 fibonacci level
What is our confirmation?
- Rejection from our -1 fibonacci level
- Break of wave C WFB (Watch For Break)
- Break of our 8HR EMA
Entry
- Safe Entry: Rejection of our SELL zone with a break of our 8HR EMA / WFB (Watch For Break)
- Risk Entry: Rejection of our SELL zone
- Risk Entry 2: Early break of 8HR EMA / WFB (Watch For Break)
Once entered, where will our Stoploss be?
- Above our fibonacci: 1850 (60 pips)
Where do we take profits?
First TP - Structure level: 1730 (1140pips)
Second TP - Previous low: 1616 (2280pips)
Final TP - -0.27 fibonacci: 1562 (2920pips)
Be sure to follow me and check out my other ideas below!
Happy New Year All!!!
I wish you all a very successful 2023!
Today we are looking at
XAUUSD where we have identified a solid zone of reversal. Why are we entering?
- We are at the end of our subwave 2 correction. We are now expecting bearish subwave 3 to occur which is a impulsive wave.
- We are expecting a rejection from our -1 fibonacci level
What is our confirmation?
- Rejection from our -1 fibonacci level
- Break of wave C WFB (Watch For Break)
- Break of our 8HR EMA
Entry
- Safe Entry: Rejection of our SELL zone with a break of our 8HR EMA / WFB (Watch For Break)
- Risk Entry: Rejection of our SELL zone
- Risk Entry 2: Early break of 8HR EMA / WFB (Watch For Break)
Once entered, where will our Stoploss be?
- Above our fibonacci: 1850 (60 pips)
Where do we take profits?
First TP - Structure level: 1730 (1140pips)
Second TP - Previous low: 1616 (2280pips)
Final TP - -0.27 fibonacci: 1562 (2920pips)
Be sure to follow me and check out my other ideas below!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.