GOLD Triangle pattern and short expectation (95%)
Updated
GOLD Triangle pattern and short expectation (95%)
--> Open position at 1690 support/resistance level
- First target 1681
- Second target 1671 (After Triangle break out with 2 candles in 15M timeframe!)
- Third target 1651 (After Triangle break out with 2 candles in 15M timeframe!)
- !! Stop loss for first target: 1693
- !! Stop loss for other targets: 1707
--> Open position at 1690 support/resistance level
- First target 1681
- Second target 1671 (After Triangle break out with 2 candles in 15M timeframe!)
- Third target 1651 (After Triangle break out with 2 candles in 15M timeframe!)
- !! Stop loss for first target: 1693
- !! Stop loss for other targets: 1707
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Long term analysis:
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Congrats on your last profits guys... I'm really so happy to hear such a comments from you! Let's keep thing thing up!Comment
Here is an update (If it happens that the 1694 resistance is broken):
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After the triangle pattern breakout from the upside with two high volatile candles from the Uptrend this Idea becomes useless. Instead, you take a buy for the next resistance level.Please always take into account that you must wait for reversal signal or confirmation (candles config, dodgy signs etc...) before enterring any trade.
This idea contains only 95% of the prediction. Take the 5% risk into account.
Trade closed: target reached
First target reached. (No breakout)Comment
UPDATE: We were waiting a short breakout for GOLD to gain some liquidity, but it doesn't, After the long breakout like we said, GOLD had proven so much liquidity to go up for the highest levels (1746 and 1800), this is the update:
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