GOLD change of trend? Daily EMA heading for the trend line SHORT
Updated
Hello fellow traders
This idea is based on a few technical indicators and latest news entering this trade with a T/P at 2550 being Value area zone and close to daily EMA 200. The S/L just above the daily candle at 0.382 Fib level entry as I believe this is the strong 'correction' and recovery to 0.5 or 0.618 less likely
Trade carefully, always protect your capital with a s/l which you can handle without tearing your hair :D
BTW- this is just an idea not a trading advise, good luck
This idea is based on a few technical indicators and latest news entering this trade with a T/P at 2550 being Value area zone and close to daily EMA 200. The S/L just above the daily candle at 0.382 Fib level entry as I believe this is the strong 'correction' and recovery to 0.5 or 0.618 less likely
Trade carefully, always protect your capital with a s/l which you can handle without tearing your hair :D
BTW- this is just an idea not a trading advise, good luck
Trade active
trade ongoing, checking daily candlesTrade closed: stop reached
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