XAUUSD, 2hr timeframe, triangle pattern / wave 4 breakout
Hello my dear friends,
I spotted a nice triangle forming on the top of XAUUSD. This triangle is an ascending triangle which indicates buyers in control as they are willing to buy in a higher price each time it retrace.
Resistance has already been broken with a solid close, so this downwards movement is only a retest in my opinion.
Triangle pattern usually occurs on the 4th wave of Elliott Wave, so we will assume this 4th wave is now finished. It will be followed by upwards movement which is the 5th wave.
Buy XAUUSD 1970
Stop loss 1958
Take profit 1 @1982
Take profit 2 @1994
Take profit 3 2006
Take profit 4 2017
Good Luck
Disclaimer : I am buying xauusd from 1975
I spotted a nice triangle forming on the top of XAUUSD. This triangle is an ascending triangle which indicates buyers in control as they are willing to buy in a higher price each time it retrace.
Resistance has already been broken with a solid close, so this downwards movement is only a retest in my opinion.
Triangle pattern usually occurs on the 4th wave of Elliott Wave, so we will assume this 4th wave is now finished. It will be followed by upwards movement which is the 5th wave.
Buy XAUUSD 1970
Stop loss 1958
Take profit 1 @1982
Take profit 2 @1994
Take profit 3 2006
Take profit 4 2017
Good Luck
Disclaimer : I am buying xauusd from 1975
Nota
TP 2 already hit and i am booking partial profit on XAUUSDTrade fechado: objetivo atingido
Target reached and trade closed with +470 pips
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.