Boon2

XAUUSD W1 Correction.

שורט
Boon2 מעודכן   
FX:XAUUSD   None
W1 We have no bearish divergence, 3 up with price bouncing off the 161.8fib in wave Y. I'm expecting around 2 years of consolidation before we get the Z up so I'll be looking for shorts on the lower timeframes targeting the 38.2fib retracement. There is a number of corrective structures we could get in X2 and no one knows in advanced what the corrective structure will become so I will update this Idea as price plays out.

D1 We have 5 waves up with bearish divergence, You can checkout my D1 Z Up idea (link in related links)

Start looking for sell setups on the lower timeframes targeting the 38.2fib retracement.

Good luck and trade safe!

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הערה:
H1 Regular Flat Correction. Checkout the Idea to get up to speed on the H1.

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