XAUUSD broke downwards of a flag formation we have been seeing for the past few weeks. Price is now at a crucial area, right on the up trend line.
Technicals are still pointing north:
1. RSI in buy zone on large timeframe.
2. Bulls still in power as up trend line still holds.
Entry @ current price area of 1861.00
TP 1 @ 1900
TP 2 @ 1.1971
Remember at crucial ares as such, set shorter stop losses and always always have risk managemetn.
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple
Technicals are still pointing north:
1. RSI in buy zone on large timeframe.
2. Bulls still in power as up trend line still holds.
Entry @ current price area of 1861.00
TP 1 @ 1900
TP 2 @ 1.1971
Remember at crucial ares as such, set shorter stop losses and always always have risk managemetn.
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple
Note
We have a strong bull candle close above of trendline. Resume buy direction. Trade currently up from 1860 entry.Note
TP 1 has hit :D
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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.