GOLD LONG TO 1900!!!

Hello Traders!!!

I hope you are all having a wonderful start to 2023

Today we are trading XAUUSD where we have found a solid zone for a long.

Why are we entering?
- We are in Bullish wave C of our correction which is the final wave
- We are expecting a rejection from our 0.5 fibonacci level before heading up in our final subwave 5

What is our confirmation?
- Rejection from our 0.5 fibonacci level
- Break of descending WFB (Watch For Break) trendline
- Rejection of 1HR EMA

Entry
- Safe Entry: Rejection of our 0.5 fibonacci & EMA with a break of WFB / 8HR EMA
- Risk Entry: Rejection of our 0.5 fibonacci level / EMA
- Risk Entry 2: Early break of WFB (Watch For Break)

Once entered, where will our Stoploss be?
- Below the structure & EMA: 1851 (50 pips)

Where do we take profits?
First TP - Previous high: 1885 (293pips)
Second TP - -0.27 fibonacci level: 1903 (468pips)
Final TP - Hold small amount incase we push higher


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Order storniert:

Trade closed, price broken our descending structure prior to entry