XAUUSD SMC Elliott Wave Strategy - Live1 16/12/2024

The SMC Elliott Strategy combines Smart Money Concept (SMC) and Elliott Wave Theory. SMC is used to identify market structure, key institutional trading zones (Order Blocks), and liquidity accumulation points. Elliott Wave is applied to analyze price movements in 5-wave patterns (Impulse) and 3-wave corrections (Corrective) to predict trends and reversals. Fibonacci levels are used to enhance target setting for profit-taking and price reversals, making trading decisions more accurate.
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Risk Management
We recommend a risk management strategy where you only risk 1-2% per trade when building your portfolio. This approach minimizes potential losses and helps you grow your account steadily.
⚠️ Warning! I am not a financial expert, all sharing is for entertainment and learning purposes only. Everyone is responsible for their own decisions.
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