XAUUSD crossed over the Fibonacci 0.786 level today and is approaching the top of the two week Channel Up.
This is a good opportunity to start placing short term sell positions targeting the MA50 (4h).
Trading Plan:
1. Sell on the current market price and as long as it stays inside the Channel Up.
Targets:
1. 1980 (the MA50 4h).
Tips:
1. RSI (4h) hit its Rising Support. This adds more selling bias as last time it did so on the Falling Resistance, it dropeed to the bottom of the Channel Up.
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This is a good opportunity to start placing short term sell positions targeting the MA50 (4h).
Trading Plan:
1. Sell on the current market price and as long as it stays inside the Channel Up.
Targets:
1. 1980 (the MA50 4h).
Tips:
1. RSI (4h) hit its Rising Support. This adds more selling bias as last time it did so on the Falling Resistance, it dropeed to the bottom of the Channel Up.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.