Fairly new trader, (Less than five years)
Publishing ideas to sharpen my skills and get feedback from more experienced traders. Any and all constructive criticism is appreciated.
Considering that the dollar is setting up for a bearish move, I am looking for AU to go bullish. There is rejection off of the major psychological level of 0.73580. Waiting for other confluences before taking the trade long to 0.7400
Publishing ideas to sharpen my skills and get feedback from more experienced traders. Any and all constructive criticism is appreciated.
Considering that the dollar is setting up for a bearish move, I am looking for AU to go bullish. There is rejection off of the major psychological level of 0.73580. Waiting for other confluences before taking the trade long to 0.7400
Trade active
Trade is currently active and on its way up on a bullish movement to price target of 0.7600. The fundamental analysis for the USD is showing negative impact news, speculating the dollar down to continue bearish, speculating that AU will continue is a bullish move.Trade closed manually
AU hit a major resistance level. Will be closing out of trade at the open of the market due to reversal on lower time frame. Take profit and waiting to see what the market will potentially give me. Will have a weekly outlook mark up post soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.