New Trade Idea XAUUSD/GOLD/ORO
Updated
Primary Trade Setup
--------------------------------
Daily trend line and area of multiple setbacks in the past. The uptrend has already expanded enough and it is possible to wait at least for a break. SL above the previous highs.
Secondary trade Setup:
----------------------------------
If the fall starts now. Expect a retest below the previous wave. Positions with low leverage for long loss stops and withstand possible setbacks to the secondary zone or consolidations.
--------------------------------
Daily trend line and area of multiple setbacks in the past. The uptrend has already expanded enough and it is possible to wait at least for a break. SL above the previous highs.
Secondary trade Setup:
----------------------------------
If the fall starts now. Expect a retest below the previous wave. Positions with low leverage for long loss stops and withstand possible setbacks to the secondary zone or consolidations.
Trade active
Pay Atention...Note
The price closed below the previous high and made a retest, it seems that the fall has begun but protect the price of entry, because it is still possible a setback. We go 80 pips from the secondary entrance.Note
179 pips from the secondary entry.Note
350 pips from the secondary entry point. No recoil. I do not understand why they do not give me more reputation. Close positions, we hope that I reached the area of 38% fibo but now I think it will make its first setback before that happens...Again, I do not understand why they do not give me more reputation. The analyzes are mine.Trade closed manually
: 350 pips from the secondary entry point. No recoil. I do not understand why they do not give me more reputation. Close positions, we hope that I reached the area of 38% fibo but now I think it will make its first setback before that happens...Again, I do not understand why they do not give me more reputation. The analyzes are mine.Note
The price came to the area. 430 potential pips.
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.