XAUUSD - Correction Wave (Wave 4)
Predicting a corrective wave is much harder than predicting a motive wave this is why I have a shorter take profit as it is going against the trade still keeping an eye out for opportunity to buy at end of Wave 4 area to catch wave 5 which could equal wave 3 highs
Predicting a corrective wave is much harder than predicting a motive wave this is why I have a shorter take profit as it is going against the trade still keeping an eye out for opportunity to buy at end of Wave 4 area to catch wave 5 which could equal wave 3 highs
Comment:
Ive added a second TP level at 0.618 retracement level for potential continuation of wave 4 as candlestick reversal patterns give an impression of impacting the market with bearish pressure