XAUUSD, 1hr tf, buy upwards movement of an extension wave
Hello my friends,
I hope all of you enjoy your weekend. Soon we will begin a new trading week and this Sunday i am gonna share some of my trading ideas for next week.
For Monday, i am gonna start it off with buying XAUUSD pairs.
Yesterday i shared sell setup and price go accordingly with my sell plan finishing X correction of a possible current WXY movement.
Although on that post i assume it as Wave-1 and Wave-2 but i am gonna correct it for now.
We got +220 pips from this trade banked 8.8% profit
This is now wave-Y movement to the upside and i tried to break it in a smaller time frame.
Incidentally i found a good setup to trade and i am gonna buy XAUUSD on Monday open.
I am expecting price to move towards Daily resistance at 1884-1886 area.
Buy XAUUSD 1871
Stop loss 1868
Take profit 1884 (4.3R)
RR ratio 1 : 4.3
Use only 1-2% risk
Good luck
I hope all of you enjoy your weekend. Soon we will begin a new trading week and this Sunday i am gonna share some of my trading ideas for next week.
For Monday, i am gonna start it off with buying XAUUSD pairs.
Yesterday i shared sell setup and price go accordingly with my sell plan finishing X correction of a possible current WXY movement.
Although on that post i assume it as Wave-1 and Wave-2 but i am gonna correct it for now.
We got +220 pips from this trade banked 8.8% profit
This is now wave-Y movement to the upside and i tried to break it in a smaller time frame.
Incidentally i found a good setup to trade and i am gonna buy XAUUSD on Monday open.
I am expecting price to move towards Daily resistance at 1884-1886 area.
Buy XAUUSD 1871
Stop loss 1868
Take profit 1884 (4.3R)
RR ratio 1 : 4.3
Use only 1-2% risk
Good luck
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