Don't sell too early on XAUUSD. Wait for the complete flat!
Hi traders,
We think the market makes a flat correction on XAUUSD. So next week it will move a little bit higher to the fib level 38.2-50.0 and after that we expect the next bigger wave lower.
Don't sell just yet because you could be too early. Wait for the market to stop out the early sellers and go with the move lower after the completion of the correction.
Always wait for a confirmation before you execute a trade.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
We think the market makes a flat correction on XAUUSD. So next week it will move a little bit higher to the fib level 38.2-50.0 and after that we expect the next bigger wave lower.
Don't sell just yet because you could be too early. Wait for the market to stop out the early sellers and go with the move lower after the completion of the correction.
Always wait for a confirmation before you execute a trade.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading