I sell AU pair, the lower low break But it still in the uptrend, with trendline hold on.
If price picks u up at the red line, youll be in a nice comfortable position to long AU and please, if u do, keep it longer ! minimum 400 pips around Midterm TP is 0.90s Longterm TP higher (wasnt looking yet, but surely higher)
According my several volume and trend signals, Gold price is in the bottom area, which in the super long term view it will eventually rise so much. Of course, this analysis is only for super long term. Definitive fact is that it would keep rising trend in the monthly or biweekly (or weekly) timeframe. Let's wait and see :)
the chart basically says it all. watch lower time frame for confirmation of rejection from price level 0.793 or from the 0.618 retracement level
I have trade after It cross MA20 , but there are fast fall off, so I decide to close the trade before loss.
It is fall sharp and then sideway, I think it is possible to go up or down. If go up, it can make the right shoulder.
holding a short @0.7540 and shorting again @0.7501 tp@0.734 range for daily support . If wrong ill break even SL@0.752 but if right then nice gain on the Short. Usd has been strong so looking to short everything against usd which makes me think the Bears will break Support and become Resistance . Trading support & resistance would make u want to Go long but i dont...
I'm expecting a short-term correction on USD, which may pull AU back to areas of previous support. AU has been ranging within an ascending wedge for quite some time, so I'm targeting the bottom of this wedge as a tp. The target sell zone is between 0.7550 and 0.7590. These are my entry, sl, and tp targets: Entry Sell: 0.75900 Stop Loss: 0.77550 Take Profit:...
AU reached the confluence point of both forks and a heavy resistance from prior highs. If price breaks above the white U-MLH, I would be willing to buy a retest. But, because the blue L-MLH was expected to be retested as of the rules of the framework, I can imagine price to bounce back first, bevor breaking to the upside for a longterm move. Observe... P!
I bought and set TP stop loss in the image, Practice the scalping in 15 minute chart
big risstance right here on 1D chart downtrend confirmed by indicators more so in 4h but reverent in 1D. setting my stop around 0.77160 ( maybe slightly higher ) just above major resistance i believe it will return to the bottom of the long term trend channel (green line) but going to adding/removing positions at each support/resistance depending on market...
My idea is in the chart, please watch and see.
Yesterday it is fell sharply. In technical trade, I think it is like spike pattern, and will go up around 50%. now it meet support area, it can pullback or consolidate in this area. NEWS: Yellen's speak,
Looking for a retest of the early morning low. Trade setup on the 5 minute Chart.