XAUUSD daytrading long 1:3 ratio - retrace before 11xx
- support level (1208-1200 diagonal)
- doji on Daily chart
- Inverted H&S formation on bottom
- RSI bullish divergence
so for me strategy now
buy from hippest point and add on the break of neckline 1194-1195
tgt 1214 could go moreover but classical should bounce from *broaken* broadening top formation for former down movement
at 1214 best way to look for sell signal but time will tell
- doji on Daily chart
- Inverted H&S formation on bottom
- RSI bullish divergence
so for me strategy now
buy from hippest point and add on the break of neckline 1194-1195
tgt 1214 could go moreover but classical should bounce from *broaken* broadening top formation for former down movement
at 1214 best way to look for sell signal but time will tell
Note
IH&S on h1 tight your stops if take before clear breakout
Trade active
first attempt to break necklineNote
already got 130 pips in futuresNote
Note
Stop loss to BE point at 1182.2
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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.
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.