POSSIBLE Head and Shoulders Pattern Neutral for now
Selling of the BLUE trend line would be a good idea or if you want to be real conservative maybe wait (1.3167 or 1.3180)
So many things going on but either way... $$$ Description on chart
From demand zone to trend line then hopefully to top demand zone
Description on chart, will update on entries soon follow so you don't miss them!
1. Black trend line broke out and retesting 2. the retest of the breakout is also apart of the secondary blue trend line which is holding 3. Bat completion on the way SELL NOW SL @ 76471 TP 1 @ .7495 TP 2 @ 73285
Should hold at .50 FIB and HOPEFULLY not pass 1.4275 then go on its way down to the TPs
This analysis is from last week, forgot to post it. SOLD at 123.10 TP to the black line (CHANNEL)
Stalling out @ .382 (1218.784) Meaning uptrend is weak and down trend should continue I don't trade GOLD often but, I would like to SELL GOLD on a very good risk to reward SELL NOW SL 1230.164 TP 1 @ 1185 TP 2 @ 1159.5 TP 3 @ 1123
SELLING D leg SMALLER position placed than normal
After a clean break of orange Line buy!
Red trend line break retest needed Either buy at cluster @ 118.32 or cluster @ 116.949 area overall fib retraced to .382 (black fib) meaning should continue down and finish retest
AGG - SELL now (141.151) STOP @ 142.464 TP 1 @ 139.303 TP 2 @ 136.47 TP 3 @ 130.00 Head and shoulders retested Neckline
1. POSSIBLE head and Shoulders 2. Breakout happened so needs retest, head and shoulders could confirm retest on its way 3. I will update later