Triangle wave with targets
Updated
We seem to be in a triangle wave, so we are looking at gold 0.83% touching support line (Purple line) and then bouncing to the top resistance (Red line). There is always a possibility that Gold 0.83% gets Trumped and heads upto resistance line, however that looks unlikely technically since we have a double top at 1220.
Trade 1 -> Entry: 1204, TP: 1146, SL: 1222 (I tend to keep it high in the case of a spike)
Trade 2 -> Entry: 1197 (STOPLIMIT), TP: 1114, SL: 30 (TRAIL STOP)
For my reference only, not intended for trading guidance to anyone else. Trade safely, good luck.
Trade 1 -> Entry: 1204, TP: 1146, SL: 1222 (I tend to keep it high in the case of a spike)
Trade 2 -> Entry: 1197 (STOPLIMIT), TP: 1114, SL: 30 (TRAIL STOP)
For my reference only, not intended for trading guidance to anyone else. Trade safely, good luck.
Trade active
Entry 1 SOLD @ 1204 initiated
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