GOLD Short possibility: retesting the local triangle
Updated
GOLD had shown a configuration of 3 fingers, it was rejected many times at the resistance level,
You wait for the blue trend breakout or the resistance breakout for two candles to decide weather to go for a long buy till 1736 or a short sell till 1700.
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
Comment: Congrats the Target was reached twice (y)
It is always recommanded to close the trade after my first target and wait for that level to be reached and crossed well of it to re-open another tradeà Enjoy the profits!!
That was 1600 pips alrdy and now + 3000 pips !
Stick for my update for the next entry after breakout (there is always a pending entry after breaking the 1718 resistance and Global trendline!)
You wait for the blue trend breakout or the resistance breakout for two candles to decide weather to go for a long buy till 1736 or a short sell till 1700.
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
Comment: Congrats the Target was reached twice (y)
It is always recommanded to close the trade after my first target and wait for that level to be reached and crossed well of it to re-open another tradeà Enjoy the profits!!
That was 1600 pips alrdy and now + 3000 pips !
Stick for my update for the next entry after breakout (there is always a pending entry after breaking the 1718 resistance and Global trendline!)
Note
Note
Note
*** Instrucion:This area is decisive, GOLD is very volatile in this area... don't let the trade scalping you!
- Always wait for 2 candles in the 15M timeframe, and the second must close down the first to hope for a sell! or the reverse to take a buy: u must wait for 2 candles above the resistance level I drew in the chart
Note
To be sure guys and don't let the trade scalping you any more:- You wait for the 1710 support to be broke to go for sell,
- Or the 1722 resistance to be broke to for a long buy trade
Trade closed: target reached
Update:
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