Trade closed: stop reached
Quick short-term long stopped out in small profit.Note
Short (bearish leg) caught in due time, with a gain.Trade closed: stop reached
SL reached for the attempt to go long again.Trade active
A pull-back on XAUUSD would occur before the bigger fall would start.Why am I saying that?
- Lower trend-line of the channel could provide support.
- Bullish Divergence could start the bullish sequence.
- Secondary H&S awaiting
- 5 waves down should be followed by a 3 wave pull-back
- Harmonics agree with a retracement
- Correlations would support this, as the VIX is about to continue the spike and global Indices are sitting on the edge of the cliff
- Fundamentally speaking, risk-off is around the corner
Many pips ahead!
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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.