Vivaforexwithcaro
@t_Vivaforexwithcaro
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Vivaforexwithcaro
After we witnessed Shiba sky rocket, as always we were to expect a good pull back/reversal to the golden buy area of 78.6, as well as retesting that descending trend line, giving us a great opportunity and risk:reward ratio for a long term or even a short term buy expecting a minimum of 10X return !!
Vivaforexwithcaro
We can see after the rally LTC has come back down to retest previous resistance now turned support as well as hitting tbe78.6% fib level giving us a great long opportunity
Vivaforexwithcaro
Great RR ratio given price has reached true golden zone of 78.6% great set up for a great short
Vivaforexwithcaro
Following an upward impulse price has reached the golden buy area of 61.8-78.6 fib zone
Vivaforexwithcaro
Following the bearish impulse we see an ABCDE pattern as well as the retracement to the 78.6 level. Good sell opportunity before the reversal
Vivaforexwithcaro
Almost that time again I’m going to wait for price to drop down to the last major support and 61.8-78-6 fib levels. Price will most likely reach 78.6 and that’s where I expect to see a reversal followed by a major upside move.
Vivaforexwithcaro
Gold looks like it will retrace up to make higher lows to continue the longterm bearish momentum
Vivaforexwithcaro
Looks like XAUUSD is headed up for one more bullish push before finally reversing. Will be waiting for price to reach the 78.6 level at zone $2000 to enter short, but will also be looking for reversal patterns at this current level.
Vivaforexwithcaro
Heres to another try with a better RR with the bearish reversal on gold. Looking back, i should have just waited for price to reach the weekly resistance.Anytime you ask yourself why price went where it did, check the weekly chart and that will most likely answer your question 95 % of the time.Still looking to short gold and everything else that comes along with that (Negative and positive correlations)Trade at your own risk
Vivaforexwithcaro
Hi guys. been looking for gold to reverse for a couple weeks now, looks like its finally reversing and on its waaaaay down. Dollar needs a big rise which will cause gold to fall.Trade at your own riskHave already entered but will expect a stop hunt before dropping
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