XAUUSD waiting at sidelines

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XAUUSD

snapshot

Hi Everyone

I am waiting at sideline for a breakout to happen either up breaking 1852 or down breaking 1819.

Uptrend started at 1617 and has paused at 1959. It is riding a correction wave downwards from 02 Feb. The cross up of 1852 (fibonacci 0.236) will tell us a V shaped cup pattern is getting started. Unless 1852 is crossed up don't enter a long position.

if it breaks 1819 downwards then it means short lookout has more edge. Next short target is going to be 1749 (fibonacci 0.618).
Note
still valid
Transaction en cours
snapshot
Note
FIBO 0.236 at 1842 on retracement wave must be crossed to consider opening long position
Note
Opened LONG position @ 1846 !
Note
StopLoss @ 1827. Long position is closed..
Trade fermée: ordre d’arrêt atteint
Neutral until NFP news upcoming
Note
snapshot
Entered long position at 1900 (fibo 0.618 of retracement Wave 2)
Transaction en cours
Very obvious short squeeze occured @ 1900 whipsawing sellers.
Note
snapshot

Crossing up of 1960 will confirm beginning of impulse wave 3 with targets shown on chart
Transaction en cours
Targets are still valid :
2078 (fibo 0.786 of Wave 3)
2152 (fibo 1.0 of Wave 3)
2366 (fibo 1.618 of Wave 3)
Transaction en cours
snapshot
Transaction en cours
snapshot
Targets are still valid :
2078 (fibo 0.786 of Wave 3)
2152 (fibo 1.0 of Wave 3)
2366 (fibo 1.618 of Wave 3)
Chart PatternsTrend Analysis

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