Wave 3 has gone an extention wave, now it's the wave 5, targetting at 1273-74 Entry:1257-1258 1258.3 to be watched Tp1:1273 Tp2: to be advised after breaking out 1275
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1260holds well, possible we'll miss the entry today
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now should be patient to wait for signal, 4H indicators in bearish div. not in a hurry to long.
Transaction en cours
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1259.5
Transaction en cours
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1259.5
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2H chart: Likely retrace 1266-65 go u turn for tg:1276-1279
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Already have 100pips so far, move sl to breakeven. 1H chart : still in consoliation 1270 is crucial level to be break out.
Trade fermée: cible de profit atteinte
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profit taken at 1266
Trade fermée: cible de profit atteinte
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Tg:1273 reached perfectly, before NFP it's unable to break out 1275. We've already in short from 1272 and still holding.
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profit taken for short positions at 1266. 60pips.
Transaction en cours
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longed 1261
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it's already hit short term tg:1270, we already have 80-90pips. now move sl to Breakeven.
I took a look at my wave count again and now it seems to me that the low at around 1244 two days ago already was the end of wave 2. Then Gold is in the beginning of wave 3.
So you'd like to be able to see clear 5 waves in that wave 5? On which timeframe? On the hourly chart one can see 5 waves, but I agree, they are really small. So I agree, it just could have been wave 1 of 5.
One point, that made me think, wave 5 could already have been finished, is that it is as long as wave 1.
gravityy
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@faylee, Seems like you got it right. Nice call! :-)
How do you look for this inner structure? Are you looking for waves that have relatively the same size than the smaller waves of waves 1 and 3?