Seems that the resistance got broken, but now it may rebound from it again, or fall below. I hope situation is clear as the circles (entries) are marked.
Resistance marked. Wait for breakout. Every *Follow Me* is appreciated!
Maybe a diamond? Or a wedge in bigger scale? I would prefer the diamond breakout, as it is a really small, but scalping on wedge may bring nice profits, as always... Price tends to rise, but you can see a really, really strong resistance.
Triangle - just sell on the upper zone. I love these trades!
Waiting for breakout. Check classic bar chart, you can see gold is about to find new direction / stay in downtrend.
A volatitily breakout is going to happen, however, I think price will rise now, then back in downtrend. Ignore the circles.
SETUP RULES: Long position - price closes in the green circle or a significiant breakout (entry before closing, more aggresive) Short position - price closes in the red circle or a significiant breakout (entry before closing, more aggresive) Do not forget to follow me and join my room - JBI Professional Analysis Room!
SETUP RULES: Long position - price closes in the green circle or a significiant breakout (entry before closing, more aggresive) Short position - price closes in the red circle or a significiant breakout (entry before closing, more aggresive) Do not forget to follow me and join my room - JBI Professional Analysis Room!
SETUP RULES: Long position - price closes in the green circle or a significiant breakout (entry before closing, more aggresive) Short position - price closes in the red circle or a significiant breakout (entry before closing, more aggresive) Do not forget to follow me and join my room - JBI Professional Analysis Room!
Triangle, H&S, breakout - what next? I say wedge.
Ignore this as no exact trading rules were included.