Brent structure, similar idea with WTI, JUST FOR A NOTE
adjust this idea with your trading strategy, break up this big ABCDE corrective pattern will invalidate this trading idea
This pair looks like break out the triangle now, so i am planning buy it now...particularly if the price sit above the support( former triangle resistance ) to say hello to Asia time, don't forget buy it. the red line will not hold..
Totally, Gold still in bullish structure, but now at a small correction procedure (Blue zone) of a down wave(DE), I would setup some shorts if there are pullbacks
BUY it around the support line, use proper SL out side this structure
I would look for sell opportunity in coming days, will do small timeframe analysis later, looking for sell enterprice
THIS is about where is the price in the bigger structure.... and here is the orignal idea
i expect the peak at the blue zone
If the support don't hold, then the structure will change