XAUUSD Daily Triangle into Wave 5 of 5
OK, my game plan....
XAUUSD daily, Triangles are typically found in wave 4's in trends, and I believe the current wave 5 is too small for the weekly chart
We also have a longer term fib cluster and supply level at the triangle target as per my weekly chart post
So... I'm going to buy now, before a triangle breakout (risk is lower) targeting the longer term fib cluster to take profit and reverse short
If the triangle breaks down, then the first supply level is holding and I need to reevaluate and find opportunities to short...
XAUUSD daily, Triangles are typically found in wave 4's in trends, and I believe the current wave 5 is too small for the weekly chart
We also have a longer term fib cluster and supply level at the triangle target as per my weekly chart post
So... I'm going to buy now, before a triangle breakout (risk is lower) targeting the longer term fib cluster to take profit and reverse short
If the triangle breaks down, then the first supply level is holding and I need to reevaluate and find opportunities to short...