Here we have an ABC pattern ( impulse/drop - ABC correction - impulse/drop )
Confirmations:
1) Pattern formation
2) Continuation of the major trend to retest the low key levels (Blue line).
3) EMA 200 takes the role of the resistance
4) It is in a critical area which previous the market struggles to break ( resistance ).
5) Candles formation ( indecision candlestick ).
6) We have a strong DXY (Dollar index) which means a drop in the gold.
ENTRY: 1895.00
STOP LOSS: 1906.00 ( 110 pips )
TAKE PROFIT 1: 1873.00 ( 220 pips)
TAKE PROFIT 2: 1851.00 ( 440 pips )
HAPPY PROFITS & HAVE FUN ! ! !
Confirmations:
1) Pattern formation
2) Continuation of the major trend to retest the low key levels (Blue line).
3) EMA 200 takes the role of the resistance
4) It is in a critical area which previous the market struggles to break ( resistance ).
5) Candles formation ( indecision candlestick ).
6) We have a strong DXY (Dollar index) which means a drop in the gold.
ENTRY: 1895.00
STOP LOSS: 1906.00 ( 110 pips )
TAKE PROFIT 1: 1873.00 ( 220 pips)
TAKE PROFIT 2: 1851.00 ( 440 pips )
HAPPY PROFITS & HAVE FUN ! ! !
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.
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.