We’re in a clear Bullish Ascending Triangle on XAUUSD. There is a possibility that the wave D has not formed yet. I will be looking to see if we get a bounce from resistance.
As you know, wave E does not always get put in so I would prefer to go long from the bottom of E (1680-1684) if it plays out rather than to short from D.
Either way, I’m expecting a break out to the upside when XAUUSD finishes consolidating. There should be a quick retest of the breakout area allowing one to take a long position from there.
The Bullish Ascending Wedge on D1 provides further confluence to this idea.
*Disclaimer*
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust you own analysis.
Beyond Edge
As you know, wave E does not always get put in so I would prefer to go long from the bottom of E (1680-1684) if it plays out rather than to short from D.
Either way, I’m expecting a break out to the upside when XAUUSD finishes consolidating. There should be a quick retest of the breakout area allowing one to take a long position from there.
The Bullish Ascending Wedge on D1 provides further confluence to this idea.
*Disclaimer*
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust you own analysis.
Beyond Edge
Trade closed: target reached
Target reached. We're in a clear D wave. Looking to see if we get a breakout from here or if the pattern will fully correct with wave E before resuming the trend.Will post an updated idea later.
*Disclaimer*
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust you own analysis.
Beyond Edge
🔰 Not financial advice. For educational purposes only.
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BeyondEdge
🔰 Join the free Telegram channel for more crypto - t.me/BeyondEdge
🔰Follow me on twitter twitter.com/beyondedge_
Your likes and follows are much appreciated.
BeyondEdge
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.
🔰 Not financial advice. For educational purposes only.
🔰 Join the free Telegram channel for more crypto - t.me/BeyondEdge
🔰Follow me on twitter twitter.com/beyondedge_
Your likes and follows are much appreciated.
BeyondEdge
🔰 Join the free Telegram channel for more crypto - t.me/BeyondEdge
🔰Follow me on twitter twitter.com/beyondedge_
Your likes and follows are much appreciated.
BeyondEdge
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.