EGLD - Long Position [1H]
EGLD - Long Setup [ 1H TF ].
On the 1H TF we see a bearish trend that might be at the end, so we have an opportunity to take a long position.
Here we have a possible trend reversal on the 1H timeframe. According to Elliott wave, the 5th wave is the last impulsive wave and we could expect a trend reversal at the end of the wave. Another confirmation is the rejections that were formed before in that key zone.
These multiple confirmations shows us a possible long entry opportunity.
On the 1H TF we see a bearish trend that might be at the end, so we have an opportunity to take a long position.
Here we have a possible trend reversal on the 1H timeframe. According to Elliott wave, the 5th wave is the last impulsive wave and we could expect a trend reversal at the end of the wave. Another confirmation is the rejections that were formed before in that key zone.
These multiple confirmations shows us a possible long entry opportunity.
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