Possible Long On GoldHi trading family. I have decided to start posting ideas too, thanks for all the love and support.
On this pair, we spot several confirmations on possible long for Gold with a risk-reward ratio of 1:2
The fibs offer key patterns in the market as they magically get respected in most cases.
The 3 circles you see form a head and shoulder pattern which gave us a short whose take profit has been reached.
If the triangle is not broken at the bottom, we will form a level for a new trend line which will give us the trailing levels for our trade.
Good luck with your trading.
Dailyprofits
CHFJPY short and then longCHFJPY may be on number 3 of Impulse waves, we wait for a candle of strong rejection, and with intention of going down, then we enter in shorts at 114.306 and TP 113.831. Then we wait for a confirmation of continuation of up trend and we buy at 113.841 and we wait for the 5th impulse wave to end, Take Profit at 115.167, watch out for the purple strong zone in the long, you can place your TP 1 there. Use risk management and lets get this trade!