XAUUSD H1 Wave C Up.

H1 I'm looking at the possibility of a simple ABC correction with an expanding flat in wave B and the C up to complete the structure before we get the larger C down. Wait for a bull flag to buy, something like that pictured. I'm expecting a 5 wave motive phase to the upside to finish off the H4 B wave. Pic is just for illustration purposes, use price action or indicators to determine end of wave's.

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تعليق:

We didn't get a bull flag like I was looking for so there is no flag trade to be had. I will watch price action and see what we may get next and update this idea.

تعليق:

If we get a bear flag something like this you could take the sell.

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Gold usually plays pretty nicely but it hasn't in this idea. If you got the bear flag trade as per my last update all good, at worst you would have got BE. Now we might get the bull flag, I will only scalp the buy as the original idea structure has changed but this is looking like nice bull flag if get the solid break.
M15 Chart.

تعليق:

Ok so we got a nice impulse up I was looking for and you defiantly should be at BE on it. In this idea you had a good opportunity for a sell and the buy!
www.tradingview.com/chart/GGuFXr1Z/

تعليق:

تعليق:

I can't rule out one more higher high but we are getting a bear flag, It maybe worth giving it a go and getting it to BE in case we get the H4 wave C down from here.
H1 Chart.