XAUUSD - SHORT - Sell Orders - Bearish Reversal
I've been able to ride the entire bullish rally.
Now I want to short XAUUSD. Let me tell you why!
A complete 5-wave sequence in an impulse has completed.
The Fractal which I posted before has completed as well.
At the breaking point, I noticed the change and was able to continue the bullish impulse.
(check my updates)
I've even been able to extend my bullish views on the consolidation and continuation patterns, while a lot out there were turning bearish too early.
A bearish sequence should commence.
Aug 13th fall has shown consistency, retracing 38.2% of the entire above-mentioned rally.
This is a retracement typical for a wave A or a wave 1.
What am I expecting after the successful rally?
This:
Technicals in favor of a bearish swing:
- Five-swing sequence complete
- Bearish Divergence
- 78.6% Fibonacci Retracement
- Bearish Harmonic
- Corrective three-swing sequence in an ABC
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XAUUSD - SHORT - Sell Orders
(my orders, shared with my members)
Trade 1: Entry @ 1513.00 with SL @ 1537.5
Trade 2: Entry @ 1523.00 with SL @ 1540.00
TP @ 1465.00 / 1440.00 / 1410.00 / 1395.00 / 1380.00
-------------------------
As always,
Many pips ahead!
*More details about me in my signature.
P.S. Please support me with a like if you think I deserve it, thanks.
Now I want to short XAUUSD. Let me tell you why!
A complete 5-wave sequence in an impulse has completed.
The Fractal which I posted before has completed as well.
At the breaking point, I noticed the change and was able to continue the bullish impulse.
(check my updates)
I've even been able to extend my bullish views on the consolidation and continuation patterns, while a lot out there were turning bearish too early.
A bearish sequence should commence.
Aug 13th fall has shown consistency, retracing 38.2% of the entire above-mentioned rally.
This is a retracement typical for a wave A or a wave 1.
What am I expecting after the successful rally?
This:
Technicals in favor of a bearish swing:
- Five-swing sequence complete
- Bearish Divergence
- 78.6% Fibonacci Retracement
- Bearish Harmonic
- Corrective three-swing sequence in an ABC
-------------------------
XAUUSD - SHORT - Sell Orders
(my orders, shared with my members)
Trade 1: Entry @ 1513.00 with SL @ 1537.5
Trade 2: Entry @ 1523.00 with SL @ 1540.00
TP @ 1465.00 / 1440.00 / 1410.00 / 1395.00 / 1380.00
-------------------------
As always,
Many pips ahead!
*More details about me in my signature.
P.S. Please support me with a like if you think I deserve it, thanks.
Trade active
Note
I am getting suspicious about this sell set-up on XAU.Structure on the up-side could reflect as the start of an impulse towards 1585.
Awaiting more signs on how the move on the down-side will unfold.
If it will have the "right look" (impulse exceeding 1490) then I will be comfortable.
If I get stopped out, well, it was a trade worth the risk taken.
A strong move on the up-side would send me watching 1585, and return to the bullish side.
Note
Watching the XAUUSD price action for the next structure.Note
Partial profit taken!SL moved to BE.
Note
Countered the shorts (at BE) with long positions.Get the feeling it becomes a bit more complex.
Trade active
—————————————-Guys, I've updated my views on XAUUSD.
—————————————-
I am labeling it in a Falling Wedge pattern, within an ABC sequence.
Current location: Minor C (red)
In this sequence, all five waves are formed out of smaller degrees ABC sequences.
Current degree: Minuette (c) (orange), of Minute iii (red).
Expectations & Levels
This scenario would put us in the wave iii (red) position of the ending diagonal towards 1487.
Once at the 61.8% Fibonacci Extensions of Minutes i & ii (red), a bounce in a wave iv (red) would send XAU until 1495.
After that, the last bearish leg in wave v (red) would send Gold towards 1475.
Strong bullish impulse expected around the 1475 levels.
Many pips ahead!
P.S. Heads-up!
A Barrier Triangle was my former scenario as the "right look", which is not yet invalidated.
However, it's fading away.
IF! If this scenario is to be the right one, then the position would be a bullish wave E.
[Minor B (red) would be moved to the right, reflecting an inverted triangle, against Minor A (red).
Trade active
Short view invalidated, break-even.Long counter view in progress.
This view is valid:
(see previous above)
Note
Fractals reoccurringNote
I am in the bullish trend.Note
Here you go guys! An XAUUSD (Gold) update!Call me crazy, but I am still looking up until further notice.
Note
XAUUSD hit the top already, now making a H&S, gonna be a correction lower.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.