Gold - local buy area ???
Updated
The global development of the triangle is not completed.
I am waiting for movement downwards.
Locally you can try long. (highly risky deal. Working against the trend.).
transaction risk I recommend 1% of the deposit.
Below is a description of descending triangle .
The descending triangle is recognized primarily in downtrends and is often thought of as a bearish signal. As you can see in the above image, the descending triangle pattern is the upside-down image of the ascending triangle pattern. The two lows on the above chart form the lower flat line of the triangle and, again, have to be only close in price action rather than exactly the same.
The development of the descending triangle takes the same amount of time as the ascending triangle , and volume again plays an important role in the breakout to the downside. (Some analysts believe that increased volume is not all that important. We, however, believe it to be paramount. We always consider the strength or weakness of volume as being the "straw that stirs the drink.")
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
I am waiting for movement downwards.
Locally you can try long. (highly risky deal. Working against the trend.).
transaction risk I recommend 1% of the deposit.
Below is a description of descending triangle .
The descending triangle is recognized primarily in downtrends and is often thought of as a bearish signal. As you can see in the above image, the descending triangle pattern is the upside-down image of the ascending triangle pattern. The two lows on the above chart form the lower flat line of the triangle and, again, have to be only close in price action rather than exactly the same.
The development of the descending triangle takes the same amount of time as the ascending triangle , and volume again plays an important role in the breakout to the downside. (Some analysts believe that increased volume is not all that important. We, however, believe it to be paramount. We always consider the strength or weakness of volume as being the "straw that stirs the drink.")
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Note
Trade closed: target reached
close part of the profit and move S/L into break even
Note
close part of the profitTrade closed: target reached
write to me if you want to learn how to trade GOLDwe nailed it
400 pips from our point
Note
nice target
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