Hanging Man Candle Stick on D1 chart
Updated
Here you have the HANGING MAN I was talking about in previous idea (see the link below)
Clear sign of trend reversal and historically classic movement for GOLD.
Wait for CONFIRMATION (big red bearish canle) in order to jump in as the price may go all the way down to the 23,60% Fibonacci level at 1251-1257.
GOOD TRADING TO ALL OF YOU
Clear sign of trend reversal and historically classic movement for GOLD.
Wait for CONFIRMATION (big red bearish canle) in order to jump in as the price may go all the way down to the 23,60% Fibonacci level at 1251-1257.
GOOD TRADING TO ALL OF YOU
Note
Even though the price is already going in my direction and I could have entered the trade at 1321-1322 easily, I still didn't open any position even if there is a very relevant confirmation of a reversal (hanging man+doji+beatish daily candle forming)......I'm prudent and patient enough to wait for the price to break out important level which I believe is in the 1314-1316 area; once it breaks that, I will enter the trade targetng 1305-1306 first with relatevely high leverage and a small SL just above 1316.
Im open to suggestions :)
Trade active
SL 1320TP1 1310
TP2 1307
Trade closed: target reached
1st Tp at 1310 reached, second Tp at 1306Trade closed manually
didnt feel comfortable with price action, closed at 1309.50 my second TP :)succesfull trade !!!!
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