Gold Spot / U.S. DollarEducation
GOLD Trade Plan (18 ~ 22 Nov 2019)
Ichimoku Trends:
Weekly Trend: Bullilsh - clear
Daily Trend : Bearish - clear
H4 : Bearish - not clear
H1 : Bullish/Bearish - not clear
Remarks:
W1 and D1 trend contradicting. Bigger TF in sideway. Look for lower TF to trade. Refer to EW possible counting.
Possible bat or gartley pattern not yet appear.
If counting of EW is correct, looking or Wave (iv) or abc pattern.
Trade Plan:
1- Short if Gold fail to break corrective Wave (a). Target at Wave (b).
2. Long if we see rejection at Wave (b) and target at Wave (iv).
Setup invalid if :
Trade plan 1 invalid if breakout Wave (a).
Trade plan 2 invalid if exceed 100% retracement of AB of harmonic pattern.
Target : Wave (iv)
Weekly Trend: Bullilsh - clear
Daily Trend : Bearish - clear
H4 : Bearish - not clear
H1 : Bullish/Bearish - not clear
Remarks:
W1 and D1 trend contradicting. Bigger TF in sideway. Look for lower TF to trade. Refer to EW possible counting.
Possible bat or gartley pattern not yet appear.
If counting of EW is correct, looking or Wave (iv) or abc pattern.
Trade Plan:
1- Short if Gold fail to break corrective Wave (a). Target at Wave (b).
2. Long if we see rejection at Wave (b) and target at Wave (iv).
Setup invalid if :
Trade plan 1 invalid if breakout Wave (a).
Trade plan 2 invalid if exceed 100% retracement of AB of harmonic pattern.
Target : Wave (iv)
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